| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.4B | $6.3B | $5.9B | 1.2% | 8.8% |
| Op. Income | $911M | $950M | $653M | -4.1% | 39.5% |
| Gross Margin | 15.0% | 14.9% | 11.8% | 0.1pp | 3.2pp |
| Net Margin | 11.8% | 12.2% | 9.1% | -0.4pp | 2.7pp |
| EPS (Diluted) | $2.47 | $2.51 | $1.66 | -1.6% | 48.8% |
| Free Cash Flow | $1.0B | $1.6B | $822M | -33.0% | 27.4% |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $961M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $50M |
| Operating Expenses | $50M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $911M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $911M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $753M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $753M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $748M |
| D&A | $127M |
| EBIT | $911M |
| EBITDA | $1.0B |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $961M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $50M |
| Operating Expenses | $50M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $911M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $911M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $753M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $753M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $748M |
| D&A | $127M |
| EBIT | $911M |
| EBITDA | $1.0B |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $753M |
| Depreciation & Amortization | $127M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $35M |
| Change in Working Capital | $182M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$124M |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | -$103M |
| NET CASH FROM INVESTING | -$435M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$350M |
| Common Dividends Paid | -$141M |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$529M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | $133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $274M |
| Short-Term Investments | $18.7B |
| Net Receivables | $13.1B |
| Inventory | $0 |
| Other Current Assets | -$32.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $879M |
| Goodwill | $1.9B |
| Intangible Assets | $690M |
| Long-Term Investments | $49.7B |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $23.3B |
| TOTAL NON-CURRENT ASSETS | $77.7B |
| TOTAL ASSETS | $77.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $57.9B |
| TOTAL NON-CURRENT LIABILITIES | $62.2B |
| TOTAL LIABILITIES | $62.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $551M |
| Retained Earnings | $19.6B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$3.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.5B |
| TOTAL LIABILITIES & EQUITY | $77.7B |
| Total Debt | $4.4B |
| Net Debt | $4.1B |
