| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $7.3B | $6.7B | -18.5% | -10.9% |
| Op. Income | $263M | $759M | $430M | -65.4% | -38.9% |
| Gross Margin | 42.7% | 41.1% | 39.8% | 1.6pp | 2.9pp |
| Net Margin | 4.8% | 4.7% | 2.4% | 0.1pp | 2.4pp |
| EPS (Diluted) | $0.09 | $0.10 | $0.05 | -16.7% | 77.8% |
| Free Cash Flow | $520M | $1.4B | -$727M | -63.0% | 171.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $993M |
| Other Expenses | $0 |
| Operating Expenses | $2.3B |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $263M |
| Interest Income | $76M |
| Interest Expense | $123M |
| Other Income/Expenses | $144M |
| INCOME BEFORE TAX | $407M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $287M |
| D&A | $258M |
| EBIT | $532M |
| EBITDA | $790M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $993M |
| Other Expenses | $0 |
| Operating Expenses | $2.3B |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $263M |
| Interest Income | $76M |
| Interest Expense | $123M |
| Other Income/Expenses | $144M |
| INCOME BEFORE TAX | $407M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $287M |
| D&A | $258M |
| EBIT | $532M |
| EBITDA | $790M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $287M |
| Depreciation & Amortization | $258M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$58M |
| Change in Working Capital | $82M |
| OPERATING CASH FLOW | $569M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$181M |
| Sales/Maturities of Investments | $247M |
| Other Investing Activities | -$115M |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | -$946M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$953M |
| FREE CASH FLOW | $520M |
| Net Change in Cash | -$598M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $976M |
| Net Receivables | $8.3B |
| Inventory | $3.8B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.5B |
| PP&E (Net) | $2.0B |
| Goodwill | $6.1B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $2.4B |
| Tax Assets | $2.5B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $16.2B |
| TOTAL ASSETS | $32.7B |
| Account Payables | $2.8B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $4.6B |
| Other Current Liabilities | $4.6B |
| TOTAL CURRENT LIABILITIES | $13.6B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $436M |
| Other Non-Current Liabilities | $2.8B |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $20.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $11.9B |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | -$163M |
| TOTAL EQUITY | $11.7B |
| TOTAL LIABILITIES & EQUITY | $32.7B |
| Total Debt | $5.3B |
| Net Debt | $1.8B |
