| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.1B | -6.8% | 20.4% |
| Op. Income | $298M | $340M | $197M | -12.3% | 51.5% |
| Gross Margin | 58.1% | 58.3% | 56.9% | -0.2pp | 1.2pp |
| Net Margin | 20.0% | 36.6% | 17.6% | -16.6pp | 2.3pp |
| EPS (Diluted) | $1.43 | $2.82 | $1.05 | -49.3% | 36.2% |
| Free Cash Flow | $402M | $417M | $232M | -3.6% | 73.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $580M |
| GROSS PROFIT | $802M |
| R&D Expenses | $243M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $261M |
| Other Expenses | $1M |
| Operating Expenses | $504M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $298M |
| Interest Income | $25M |
| Interest Expense | $0 |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | $327M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $45M |
| EBIT | $298M |
| EBITDA | $343M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $580M |
| GROSS PROFIT | $802M |
| R&D Expenses | $243M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $261M |
| Other Expenses | $1M |
| Operating Expenses | $504M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $298M |
| Interest Income | $25M |
| Interest Expense | $0 |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | $327M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $45M |
| EBIT | $298M |
| EBITDA | $343M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $276M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $435M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$86M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | -$223.0K |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$140M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$156M |
| FREE CASH FLOW | $402M |
| Net Change in Cash | $228M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $275M |
| Net Receivables | $695M |
| Inventory | $1.3B |
| Other Current Assets | $306M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $1.3B |
| Goodwill | $602M |
| Intangible Assets | $177M |
| Long-Term Investments | $1.1B |
| Tax Assets | $763M |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $243M |
| Short-Term Debt | $0 |
| Deferred Revenue | $101M |
| Other Current Liabilities | $581M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $114M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $270M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $19M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $5.4B |
| Treasury Stock | -$227M |
| Accum. Other Comp. Income | -$122M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $106M |
| Net Debt | -$1.8B |
