| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.1B | $2.6B | 21.8% | -2.2% |
| Op. Income | $367M | $247M | $451M | 48.6% | -18.6% |
| Gross Margin | 31.3% | 31.7% | 32.4% | -0.4pp | -1.1pp |
| Net Margin | 9.3% | 8.2% | 11.5% | 1.1pp | -2.2pp |
| EPS (Diluted) | $0.78 | $0.57 | $0.99 | 36.8% | -21.2% |
| Free Cash Flow | $31M | $112M | $150M | -72.3% | -79.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $788M |
| R&D Expenses | $24M |
| Selling & Marketing | $222M |
| General & Administrative | $158M |
| SG&A Expenses | $380M |
| Other Expenses | $17M |
| Operating Expenses | $421M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $367M |
| Interest Income | $1M |
| Interest Expense | $49M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $310M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $234M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $234M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $234M |
| D&A | $96M |
| EBIT | $359M |
| EBITDA | $455M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $788M |
| R&D Expenses | $24M |
| Selling & Marketing | $222M |
| General & Administrative | $158M |
| SG&A Expenses | $380M |
| Other Expenses | $17M |
| Operating Expenses | $421M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $367M |
| Interest Income | $1M |
| Interest Expense | $49M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $310M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $234M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $234M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $234M |
| D&A | $96M |
| EBIT | $359M |
| EBITDA | $455M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $234M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$206M |
| OPERATING CASH FLOW | $174M |
| Capital Expenditure | -$143M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$137M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | -$114M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$135M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$98M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $0 |
| Net Receivables | $726M |
| Inventory | $1.3B |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $2.4B |
| Goodwill | $4.0B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $501M |
| TOTAL NON-CURRENT ASSETS | $10.0B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $1.4B |
| Short-Term Debt | $206M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $614M |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $12M |
| Additional Paid-In Capital | $388M |
| Retained Earnings | $4.6B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $4.7B |
| Net Debt | $4.6B |
