| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.2B | $13.8B | $13.8B | -4.6% | -4.4% |
| Op. Income | $935M | $1.0B | $743M | -7.8% | 25.8% |
| Gross Margin | 21.9% | 21.6% | 20.2% | 0.3pp | 1.7pp |
| Net Margin | 4.7% | 7.0% | 3.4% | -2.3pp | 1.3pp |
| EPS (Diluted) | $0.62 | $0.97 | $0.47 | -36.1% | 31.9% |
| Free Cash Flow | -$37M | $1.8B | -$208M | -102.0% | 82.2% |
| Item | Amount |
|---|---|
| REVENUE | $13.2B |
| Cost of Revenue | $10.3B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $399M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $171M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $12.3B |
| OPERATING INCOME | $935M |
| Interest Income | $0 |
| Interest Expense | $156M |
| Other Income/Expenses | -$142M |
| INCOME BEFORE TAX | $793M |
| Income Tax Expense | $171M |
| Net Income from Continuing Ops | $622M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $622M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $622M |
| D&A | $205M |
| EBIT | $949M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.2B |
| Cost of Revenue | $10.3B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $399M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $171M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $12.3B |
| OPERATING INCOME | $935M |
| Interest Income | $0 |
| Interest Expense | $156M |
| Other Income/Expenses | -$142M |
| INCOME BEFORE TAX | $793M |
| Income Tax Expense | $171M |
| Net Income from Continuing Ops | $622M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $622M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $622M |
| D&A | $205M |
| EBIT | $949M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $622M |
| Depreciation & Amortization | $205M |
| Stock-Based Compensation | $177M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | -$859M |
| OPERATING CASH FLOW | $121M |
| Capital Expenditure | -$158M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$70M |
| NET CASH FROM INVESTING | -$228M |
| Net Debt Issuance | $143M |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$275M |
| Other Financing Activities | -$76M |
| NET CASH FROM FINANCING | -$708M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$815M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $6.1B |
| Inventory | $6.9B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $4.0B |
| Goodwill | $8.6B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $3.2B |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $19.0B |
| TOTAL ASSETS | $35.8B |
| Account Payables | $13.3B |
| Short-Term Debt | $359M |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $7.0B |
| TOTAL CURRENT LIABILITIES | $23.9B |
| Long-Term Debt | $9.3B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $13.6B |
| TOTAL LIABILITIES | $37.5B |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$458M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.6B |
| TOTAL LIABILITIES & EQUITY | $35.8B |
| Total Debt | $10.9B |
| Net Debt | $8.7B |
