| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.1B | $9.4B | $8.9B | -3.5% | 2.7% |
| Op. Income | $1.9B | $1.6B | $1.7B | 17.5% | 9.9% |
| Gross Margin | 38.7% | 34.3% | 38.0% | 4.4pp | 0.7pp |
| Net Margin | 16.1% | 13.4% | 15.7% | 2.7pp | 0.3pp |
| EPS (Diluted) | $2.23 | $1.91 | $2.07 | 16.8% | 7.7% |
| Free Cash Flow | $215M | $2.6B | -$977M | -91.7% | 122.0% |
| Item | Amount |
|---|---|
| REVENUE | $9.1B |
| Cost of Revenue | $5.6B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $360M |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $7.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $105M |
| Interest Expense | $220M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $396M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $291M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.1B |
| Cost of Revenue | $5.6B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $360M |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $7.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $105M |
| Interest Expense | $220M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $396M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $291M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $291M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$360M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | $448M |
| Capital Expenditure | -$233M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$238M |
| Sales/Maturities of Investments | $155M |
| Other Investing Activities | $43M |
| NET CASH FROM INVESTING | -$273M |
| Net Debt Issuance | $4.9B |
| Common Stock Repurchased | -$671M |
| Common Dividends Paid | -$703M |
| Other Financing Activities | $36M |
| NET CASH FROM FINANCING | $3.7B |
| FREE CASH FLOW | $215M |
| Net Change in Cash | $3.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.8B |
| Short-Term Investments | $249M |
| Net Receivables | $7.5B |
| Inventory | $6.3B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $27.4B |
| PP&E (Net) | $5.7B |
| Goodwill | $18.0B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $975M |
| Tax Assets | $374M |
| Other Non-Current Assets | $10.0B |
| TOTAL NON-CURRENT ASSETS | $38.2B |
| TOTAL ASSETS | $65.6B |
| Account Payables | $6.5B |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16.5B |
| Long-Term Debt | $22.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $7.9B |
| TOTAL NON-CURRENT LIABILITIES | $32.1B |
| TOTAL LIABILITIES | $48.6B |
| Common Stock | $958M |
| Additional Paid-In Capital | $9.4B |
| Retained Earnings | $48.7B |
| Treasury Stock | -$38.5B |
| Accum. Other Comp. Income | -$4.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.5B |
| Minority Interest | $598M |
| TOTAL EQUITY | $17.1B |
| TOTAL LIABILITIES & EQUITY | $65.6B |
| Total Debt | $25.3B |
| Net Debt | $13.5B |
