| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $943M | $947M | $707M | -0.4% | 33.4% |
| Op. Income | $359M | $357M | $261M | 0.6% | 37.5% |
| Gross Margin | 81.0% | 79.9% | 85.6% | 1.1pp | -4.6pp |
| Net Margin | 19.8% | 96.6% | 28.3% | -76.8pp | -8.5pp |
| EPS (Diluted) | $0.29 | $1.42 | $0.33 | -79.6% | -12.1% |
| Free Cash Flow | $222M | $323M | $213M | -31.3% | 4.2% |
| Item | Amount |
|---|---|
| REVENUE | $943M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $764M |
| R&D Expenses | $90M |
| Selling & Marketing | $181M |
| General & Administrative | $56M |
| SG&A Expenses | $237M |
| Other Expenses | $78M |
| Operating Expenses | $405M |
| Cost & Expenses | $584M |
| OPERATING INCOME | $359M |
| Interest Income | $6M |
| Interest Expense | $170M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $125M |
| EBIT | $371M |
| EBITDA | $496M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $943M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $764M |
| R&D Expenses | $90M |
| Selling & Marketing | $181M |
| General & Administrative | $56M |
| SG&A Expenses | $237M |
| Other Expenses | $78M |
| Operating Expenses | $405M |
| Cost & Expenses | $584M |
| OPERATING INCOME | $359M |
| Interest Income | $6M |
| Interest Expense | $170M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $125M |
| EBIT | $371M |
| EBITDA | $496M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $187M |
| Depreciation & Amortization | $125M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$60M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | $226M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$208M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$350M |
| FREE CASH FLOW | $222M |
| Net Change in Cash | -$127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $623M |
| Short-Term Investments | $0 |
| Net Receivables | $190M |
| Inventory | $0 |
| Other Current Assets | $156M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $111M |
| Goodwill | $10.2B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $176M |
| Tax Assets | $401M |
| Other Non-Current Assets | $789M |
| TOTAL NON-CURRENT ASSETS | $14.7B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $65M |
| Short-Term Debt | $257M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $547M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $9.3B |
| Deferred Revenue NC | $78M |
| Deferred Tax Liabilities | $385M |
| Other Non-Current Liabilities | $885M |
| TOTAL NON-CURRENT LIABILITIES | $10.7B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$396M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $9.6B |
| Net Debt | $9.0B |
