| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $939M | $960M | $884M | -2.2% | 6.2% |
| Op. Income | $226M | $210M | $235M | 8.1% | -3.6% |
| Gross Margin | 55.6% | 55.3% | 53.9% | 0.3pp | 1.7pp |
| Net Margin | 16.2% | 26.4% | 16.9% | -10.2pp | -0.7pp |
| EPS (Diluted) | $2.50 | $4.16 | $2.39 | -39.9% | 4.6% |
| Free Cash Flow | -$43M | $320M | -$18M | -113.5% | -145.5% |
| Item | Amount |
|---|---|
| REVENUE | $939M |
| Cost of Revenue | $417M |
| GROSS PROFIT | $522M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $296M |
| Other Expenses | $0 |
| Operating Expenses | $296M |
| Cost & Expenses | $712M |
| OPERATING INCOME | $226M |
| Interest Income | $416.0K |
| Interest Expense | $31M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $16M |
| EBIT | $225M |
| EBITDA | $241M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $939M |
| Cost of Revenue | $417M |
| GROSS PROFIT | $522M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $296M |
| Other Expenses | $0 |
| Operating Expenses | $296M |
| Cost & Expenses | $712M |
| OPERATING INCOME | $226M |
| Interest Income | $416.0K |
| Interest Expense | $31M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $16M |
| EBIT | $225M |
| EBITDA | $241M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $152M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$260M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $62M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $55M |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $159M |
| Short-Term Investments | $0 |
| Net Receivables | $511M |
| Inventory | $392M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $523M |
| Goodwill | $712M |
| Intangible Assets | $1.8B |
| Long-Term Investments | $4M |
| Tax Assets | $648M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $236M |
| Short-Term Debt | $63M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $200M |
| TOTAL CURRENT LIABILITIES | $629M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $562M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $110.0K |
| Additional Paid-In Capital | $834M |
| Retained Earnings | $2.8B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$107M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $2.1B |
| Net Debt | $1.9B |
