| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.7B | $15.2B | $13.6B | -3.5% | 7.6% |
| Op. Income | $4.3B | $4.3B | $3.5B | 0.5% | 20.8% |
| Gross Margin | 65.2% | 64.1% | 61.2% | 1.0pp | 3.9pp |
| Net Margin | 24.8% | 26.0% | 19.6% | -1.2pp | 5.2pp |
| EPS (Diluted) | $0.89 | $0.97 | $0.65 | -8.2% | 36.9% |
| Free Cash Flow | $2.2B | $5.7B | $3.8B | -61.0% | -40.9% |
| Item | Amount |
|---|---|
| REVENUE | $14.7B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $9.6B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $2.5B |
| General & Administrative | $672M |
| SG&A Expenses | $3.2B |
| Other Expenses | $190M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $10.4B |
| OPERATING INCOME | $4.3B |
| Interest Income | $360M |
| Interest Expense | $111M |
| Other Income/Expenses | $166M |
| INCOME BEFORE TAX | $4.4B |
| Income Tax Expense | $804M |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $401M |
| EBIT | $4.6B |
| EBITDA | $5.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $14.7B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $9.6B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $2.5B |
| General & Administrative | $672M |
| SG&A Expenses | $3.2B |
| Other Expenses | $190M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $10.4B |
| OPERATING INCOME | $4.3B |
| Interest Income | $360M |
| Interest Expense | $111M |
| Other Income/Expenses | $166M |
| INCOME BEFORE TAX | $4.4B |
| Income Tax Expense | $804M |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $401M |
| EBIT | $4.6B |
| EBITDA | $5.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.6B |
| Depreciation & Amortization | $401M |
| Stock-Based Compensation | $661M |
| Deferred Income Tax | -$513M |
| Other Non-Cash Items | $93M |
| Change in Working Capital | -$1.9B |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | -$876M |
| Purchases of Investments | -$1.9B |
| Sales/Maturities of Investments | $3.8B |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $952M |
| Net Debt Issuance | -$750M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$3.8B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | -$522M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.6B |
| Short-Term Investments | $13.9B |
| Net Receivables | $8.2B |
| Inventory | $3.3B |
| Other Current Assets | $4.5B |
| TOTAL CURRENT ASSETS | $39.7B |
| PP&E (Net) | $2.0B |
| Goodwill | $38.9B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $7.1B |
| Other Non-Current Assets | $9.2B |
| TOTAL NON-CURRENT ASSETS | $59.1B |
| TOTAL ASSETS | $98.8B |
| Account Payables | $2.1B |
| Short-Term Debt | $990M |
| Deferred Revenue | $13.8B |
| Other Current Liabilities | $7.8B |
| TOTAL CURRENT LIABILITIES | $27.0B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $11.8B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.0B |
| TOTAL NON-CURRENT LIABILITIES | $26.5B |
| TOTAL LIABILITIES | $53.6B |
| Common Stock | $44.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $45.2B |
| TOTAL LIABILITIES & EQUITY | $98.8B |
| Total Debt | $7.7B |
| Net Debt | -$2.0B |
