| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $935M | $937M | $901M | -0.2% | 3.8% |
| Op. Income | $397M | $424M | $375M | -6.3% | 5.9% |
| Gross Margin | 77.8% | 78.5% | 77.3% | -0.7pp | 0.6pp |
| Net Margin | 24.6% | 27.3% | 23.8% | -2.7pp | 0.7pp |
| EPS (Diluted) | $3.12 | $3.48 | $2.88 | -10.3% | 8.3% |
| Free Cash Flow | $309M | $1.2B | $841M | -73.4% | -63.3% |
| Item | Amount |
|---|---|
| REVENUE | $935M |
| Cost of Revenue | $207M |
| GROSS PROFIT | $728M |
| R&D Expenses | $0 |
| Selling & Marketing | $94M |
| General & Administrative | $151M |
| SG&A Expenses | $245M |
| Other Expenses | $85M |
| Operating Expenses | $331M |
| Cost & Expenses | $538M |
| OPERATING INCOME | $397M |
| Interest Income | $0 |
| Interest Expense | $89M |
| Other Income/Expenses | -$92M |
| INCOME BEFORE TAX | $305M |
| Income Tax Expense | $75M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $85M |
| EBIT | $394M |
| EBITDA | $479M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $935M |
| Cost of Revenue | $207M |
| GROSS PROFIT | $728M |
| R&D Expenses | $0 |
| Selling & Marketing | $94M |
| General & Administrative | $151M |
| SG&A Expenses | $245M |
| Other Expenses | $85M |
| Operating Expenses | $331M |
| Cost & Expenses | $538M |
| OPERATING INCOME | $397M |
| Interest Income | $0 |
| Interest Expense | $89M |
| Other Income/Expenses | -$92M |
| INCOME BEFORE TAX | $305M |
| Income Tax Expense | $75M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $85M |
| EBIT | $394M |
| EBITDA | $479M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $230M |
| Depreciation & Amortization | $85M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $647.0K |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $350M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | -$56M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$102M |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | -$289M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$159M |
| FREE CASH FLOW | $309M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $0 |
| Other Current Assets | $3.7B |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $352M |
| Goodwill | $5.7B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $68M |
| Tax Assets | $0 |
| Other Non-Current Assets | $266M |
| TOTAL NON-CURRENT ASSETS | $8.4B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $1.8B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $2.5B |
| Other Current Liabilities | $257M |
| TOTAL CURRENT LIABILITIES | $7.0B |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $473M |
| Other Non-Current Liabilities | $261M |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $8.4B |
| Treasury Stock | -$7.2B |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $28M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $6.8B |
| Net Debt | $5.5B |
