| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $631M | $545M | $523M | 15.8% | 20.7% |
| Op. Income | $156M | $59M | $182M | 164.4% | -14.3% |
| Gross Margin | 62.2% | 59.4% | 76.9% | 2.8pp | -14.6pp |
| Net Margin | 19.3% | 9.4% | 28.1% | 10.0pp | -8.8pp |
| EPS (Diluted) | $0.32 | $0.13 | $0.40 | 146.2% | -20.0% |
| Free Cash Flow | $216M | -$37M | -$14M | 683.8% | 1642.9% |
| Item | Amount |
|---|---|
| REVENUE | $631M |
| Cost of Revenue | $238M |
| GROSS PROFIT | $393M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $142M |
| SG&A Expenses | $147M |
| Other Expenses | $90M |
| Operating Expenses | $237M |
| Cost & Expenses | $475M |
| OPERATING INCOME | $156M |
| Interest Income | $543M |
| Interest Expense | $224M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $14M |
| EBIT | $156M |
| EBITDA | $170M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $631M |
| Cost of Revenue | $238M |
| GROSS PROFIT | $393M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $142M |
| SG&A Expenses | $147M |
| Other Expenses | $90M |
| Operating Expenses | $237M |
| Cost & Expenses | $475M |
| OPERATING INCOME | $156M |
| Interest Income | $543M |
| Interest Expense | $224M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $14M |
| EBIT | $156M |
| EBITDA | $170M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $122M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $117M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $245M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$556M |
| Sales/Maturities of Investments | $590M |
| Other Investing Activities | $71M |
| NET CASH FROM INVESTING | $76M |
| Net Debt Issuance | -$282M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | -$410M |
| FREE CASH FLOW | $216M |
| Net Change in Cash | -$89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $3.2B |
| Net Receivables | $615M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $474M |
| Goodwill | $2.5B |
| Intangible Assets | $65M |
| Long-Term Investments | $35.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $40.6B |
| TOTAL ASSETS | $45.9B |
| Account Payables | $0 |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34.7B |
| TOTAL CURRENT LIABILITIES | $36.7B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $960M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $39.9B |
| Common Stock | $4M |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$182M |
| Accum. Other Comp. Income | -$250M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $45.9B |
| Total Debt | $4.2B |
| Net Debt | $2.7B |
