| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $693M | $707M | $700M | -2.0% | -1.1% |
| Op. Income | $165M | $172M | $91M | -4.2% | 80.4% |
| Gross Margin | 80.3% | 80.1% | 77.9% | 0.2pp | 2.4pp |
| Net Margin | 20.0% | 21.5% | 10.3% | -1.5pp | 9.6pp |
| EPS (Diluted) | $2.32 | $2.55 | $1.20 | -9.0% | 93.3% |
| Free Cash Flow | $156M | $174M | $145M | -10.4% | 8.1% |
| Item | Amount |
|---|---|
| REVENUE | $693M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $556M |
| R&D Expenses | $120M |
| Selling & Marketing | $199M |
| General & Administrative | $65M |
| SG&A Expenses | $264M |
| Other Expenses | $8M |
| Operating Expenses | $392M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $165M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $29M |
| EBIT | $173M |
| EBITDA | $202M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $693M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $556M |
| R&D Expenses | $120M |
| Selling & Marketing | $199M |
| General & Administrative | $65M |
| SG&A Expenses | $264M |
| Other Expenses | $8M |
| Operating Expenses | $392M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $165M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $29M |
| EBIT | $173M |
| EBITDA | $202M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $138M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$135M |
| FREE CASH FLOW | $156M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $823M |
| Short-Term Investments | $3M |
| Net Receivables | $887M |
| Inventory | $70M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $359M |
| Goodwill | $2.3B |
| Intangible Assets | $136M |
| Long-Term Investments | $210M |
| Tax Assets | $307M |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $60M |
| Short-Term Debt | $41M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $108M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $235M |
| Deferred Revenue NC | $645M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | -$156M |
| TOTAL NON-CURRENT LIABILITIES | $963M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $18M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $511M |
| Net Debt | -$311M |
