| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.5B | -3.7% | 4.4% |
| Op. Income | $239M | $311M | $258M | -23.1% | -7.3% |
| Gross Margin | 59.3% | 59.8% | 58.1% | -0.5pp | 1.2pp |
| Net Margin | 13.6% | 16.7% | 11.9% | -3.1pp | 1.7pp |
| EPS (Diluted) | $0.58 | $0.75 | $0.49 | -22.7% | 18.4% |
| Free Cash Flow | $230M | $413M | $150M | -44.2% | 53.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $620M |
| GROSS PROFIT | $904M |
| R&D Expenses | $104M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $561M |
| Other Expenses | $0 |
| Operating Expenses | $665M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $239M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $207M |
| D&A | $137M |
| EBIT | $278M |
| EBITDA | $415M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $620M |
| GROSS PROFIT | $904M |
| R&D Expenses | $104M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $561M |
| Other Expenses | $0 |
| Operating Expenses | $665M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $239M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $207M |
| D&A | $137M |
| EBIT | $278M |
| EBITDA | $415M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $207M |
| Depreciation & Amortization | $137M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$63M |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $257M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$1.7B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $310M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $307M |
| FREE CASH FLOW | $230M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $705M |
| Short-Term Investments | $0 |
| Net Receivables | $963M |
| Inventory | $581M |
| Other Current Assets | $366M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $423M |
| Goodwill | $10.2B |
| Intangible Assets | $3.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $536M |
| TOTAL NON-CURRENT ASSETS | $14.9B |
| TOTAL ASSETS | $17.5B |
| Account Payables | $667M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $7.7B |
| Treasury Stock | -$716M |
| Accum. Other Comp. Income | -$403M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.5B |
| Minority Interest | $6M |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $17.5B |
| Total Debt | $3.9B |
| Net Debt | $3.2B |
