| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $5.0B | $4.7B | -2.5% | 4.0% |
| Op. Income | $930M | $818M | $1.1B | 13.7% | -14.3% |
| Gross Margin | 36.1% | 34.4% | 30.7% | 1.7pp | 5.4pp |
| Net Margin | 13.7% | 12.2% | 17.4% | 1.5pp | -3.6pp |
| EPS (Diluted) | $1.14 | $1.03 | $1.35 | 10.7% | -15.6% |
| Free Cash Flow | $236M | $413M | $298M | -42.8% | -20.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $839M |
| Other Expenses | $1M |
| Operating Expenses | $841M |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $930M |
| Interest Income | $0 |
| Interest Expense | $118M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $854M |
| Income Tax Expense | $173M |
| Net Income from Continuing Ops | $680M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $674M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $674M |
| D&A | $137M |
| EBIT | $931M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $839M |
| Other Expenses | $1M |
| Operating Expenses | $841M |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $930M |
| Interest Income | $0 |
| Interest Expense | $118M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $854M |
| Income Tax Expense | $173M |
| Net Income from Continuing Ops | $680M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $674M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $674M |
| D&A | $137M |
| EBIT | $931M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $680M |
| Depreciation & Amortization | $137M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$457M |
| OPERATING CASH FLOW | $378M |
| Capital Expenditure | -$142M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | $552M |
| Common Stock Repurchased | -$501M |
| Common Dividends Paid | -$349M |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | -$334M |
| FREE CASH FLOW | $236M |
| Net Change in Cash | -$95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $491M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $2.2B |
| Other Current Assets | $596M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $3.6B |
| Goodwill | $14.5B |
| Intangible Assets | $7.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $26.2B |
| TOTAL ASSETS | $31.3B |
| Account Payables | $3.7B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $10.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $13.7B |
| TOTAL LIABILITIES | $20.8B |
| Common Stock | $76M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $20.2B |
| Treasury Stock | -$8.9B |
| Accum. Other Comp. Income | -$2.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.3B |
| Minority Interest | $253M |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $31.3B |
| Total Debt | $12.3B |
| Net Debt | $11.8B |
