| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $585M | $788M | — | -25.8% | — |
| Op. Income | $86M | $120M | — | -27.8% | — |
| Gross Margin | 99.3% | 99.5% | — | -0.2pp | — |
| Net Margin | 14.6% | 10.5% | — | 4.2pp | — |
| EPS (Diluted) | $2.09 | $2.03 | — | 3.0% | — |
| Free Cash Flow | -$282M | $414M | — | -168.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $585M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $581M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $388M |
| SG&A Expenses | $388M |
| Other Expenses | $107M |
| Operating Expenses | $494M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $86M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $2M |
| EBIT | $86M |
| EBITDA | $88M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $585M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $581M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $388M |
| SG&A Expenses | $388M |
| Other Expenses | $107M |
| Operating Expenses | $494M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $86M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $2M |
| EBIT | $86M |
| EBITDA | $88M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $139M |
| Deferred Income Tax | -$47.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$510M |
| OPERATING CASH FLOW | -$281M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$750M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $577M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$265M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$319M |
| FREE CASH FLOW | -$282M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $570M |
| Short-Term Investments | $865M |
| Net Receivables | $362M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $501M |
| Goodwill | $125M |
| Intangible Assets | $0 |
| Long-Term Investments | $52M |
| Tax Assets | $272M |
| Other Non-Current Assets | $259M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $30M |
| Short-Term Debt | $37M |
| Deferred Revenue | $5M |
| Other Current Liabilities | -$5M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $374M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $489M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $843.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $203M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $839M |
| Net Debt | $270M |
