| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.2B | $8.4B | $7.4B | -1.6% | 11.3% |
| Op. Income | $412M | $357M | $20M | 15.4% | 1960.0% |
| Gross Margin | 74.2% | 75.0% | 72.4% | -0.7pp | 1.8pp |
| Net Margin | 2.4% | -1.2% | 0.4% | 3.6pp | 2.0pp |
| EPS (Diluted) | $0.20 | $-0.10 | $0.03 | 300.8% | 614.3% |
| Free Cash Flow | $4.2B | $2.6B | $3.5B | 65.3% | 21.5% |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $6.1B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $3.2B |
| General & Administrative | $638M |
| SG&A Expenses | $3.8B |
| Other Expenses | $711M |
| Operating Expenses | $5.7B |
| Cost & Expenses | $7.8B |
| OPERATING INCOME | $412M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $326M |
| Income Tax Expense | $127M |
| Net Income from Continuing Ops | $199M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $1.3B |
| EBIT | $1.1B |
| EBITDA | $2.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $6.1B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $3.2B |
| General & Administrative | $638M |
| SG&A Expenses | $3.8B |
| Other Expenses | $711M |
| Operating Expenses | $5.7B |
| Cost & Expenses | $7.8B |
| OPERATING INCOME | $412M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $326M |
| Income Tax Expense | $127M |
| Net Income from Continuing Ops | $199M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $1.3B |
| EBIT | $1.1B |
| EBITDA | $2.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $199M |
| Depreciation & Amortization | $1.3B |
| Stock-Based Compensation | $696M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $611M |
| Change in Working Capital | $1.7B |
| OPERATING CASH FLOW | $4.5B |
| Capital Expenditure | -$243M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$473M |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $347M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $449M |
| NET CASH FROM FINANCING | -$2.7B |
| FREE CASH FLOW | $4.2B |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.2B |
| Short-Term Investments | $4.8B |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $22.0B |
| PP&E (Net) | $6.3B |
| Goodwill | $48.6B |
| Intangible Assets | $6.7B |
| Long-Term Investments | $4.6B |
| Tax Assets | $2.9B |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $71.6B |
| TOTAL ASSETS | $93.5B |
| Account Payables | $0 |
| Short-Term Debt | $181M |
| Deferred Revenue | $15.1B |
| Other Current Liabilities | $5.7B |
| TOTAL CURRENT LIABILITIES | $21.6B |
| Long-Term Debt | $9.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $14.5B |
| TOTAL LIABILITIES | $36.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $56.0B |
| Retained Earnings | $7.8B |
| Treasury Stock | -$6.1B |
| Accum. Other Comp. Income | -$255M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $57.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $57.4B |
| TOTAL LIABILITIES & EQUITY | $93.5B |
| Total Debt | $13.1B |
| Net Debt | $3.9B |
