| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.6B | -4.1% | -12.6% |
| Op. Income | $441M | $478M | $741M | -7.7% | -40.5% |
| Gross Margin | 36.0% | 37.1% | 49.4% | -1.0pp | -13.4pp |
| Net Margin | 24.6% | 27.8% | 41.3% | -3.3pp | -16.7pp |
| EPS (Diluted) | $0.47 | $0.55 | $0.88 | -14.5% | -46.6% |
| Free Cash Flow | $398M | $290M | $1.0B | 37.2% | -60.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $917M |
| GROSS PROFIT | $516M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $992M |
| OPERATING INCOME | $441M |
| Interest Income | $16M |
| Interest Expense | $19M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $437M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $352M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $352M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $352M |
| D&A | $432M |
| EBIT | $456M |
| EBITDA | $888M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $917M |
| GROSS PROFIT | $516M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $992M |
| OPERATING INCOME | $441M |
| Interest Income | $16M |
| Interest Expense | $19M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $437M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $352M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $352M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $352M |
| D&A | $432M |
| EBIT | $456M |
| EBITDA | $888M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $352M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $425M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | $856M |
| Capital Expenditure | -$458M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$250M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$708M |
| Net Debt Issuance | $499M |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$158M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $185M |
| FREE CASH FLOW | $398M |
| Net Change in Cash | $333M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $250M |
| Net Receivables | $653M |
| Inventory | $52M |
| Other Current Assets | $306M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $18.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $132M |
| TOTAL NON-CURRENT ASSETS | $18.4B |
| TOTAL ASSETS | $21.0B |
| Account Payables | $64M |
| Short-Term Debt | $575M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.4B |
| Other Non-Current Liabilities | $474M |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $75M |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.1B |
| TOTAL LIABILITIES & EQUITY | $21.0B |
| Total Debt | $3.0B |
| Net Debt | $1.7B |
