| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.1B | 0.0% | 29.5% |
| Op. Income | $315M | $337M | $274M | -6.5% | 14.8% |
| Gross Margin | 47.7% | 31.9% | 35.1% | 15.8pp | 12.6pp |
| Net Margin | 18.0% | 19.4% | 20.4% | -1.5pp | -2.5pp |
| EPS (Diluted) | $2.67 | $2.88 | $2.28 | -7.3% | 17.1% |
| Free Cash Flow | $342M | $378M | $469M | -9.7% | -27.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $741M |
| GROSS PROFIT | $675M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $270M |
| Operating Expenses | $360M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $315M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $315M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $254M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $254M |
| D&A | $0 |
| EBIT | $344M |
| EBITDA | $344M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $741M |
| GROSS PROFIT | $675M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $270M |
| Operating Expenses | $360M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $315M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $315M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $254M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $254M |
| D&A | $0 |
| EBIT | $344M |
| EBITDA | $344M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $254M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $97M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $351M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$842M |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$732M |
| Net Debt Issuance | $247M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $124M |
| NET CASH FROM FINANCING | $357M |
| FREE CASH FLOW | $342M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $18.2B |
| Net Receivables | $646M |
| Inventory | $0 |
| Other Current Assets | -$18.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $482M |
| Intangible Assets | $0 |
| Long-Term Investments | $18.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$18.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $28.6B |
| Account Payables | $520M |
| Short-Term Debt | $734M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.9B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.6B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $23.5B |
| Common Stock | $102M |
| Additional Paid-In Capital | $527M |
| Retained Earnings | $7.7B |
| Treasury Stock | -$829M |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $28.6B |
| Total Debt | $2.4B |
| Net Debt | $2.3B |
