| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $881M | $1.0B | $809M | -13.1% | 8.9% |
| Op. Income | $90M | $205M | $30M | -55.9% | 205.4% |
| Gross Margin | 91.2% | 91.5% | 91.3% | -0.3pp | -0.0pp |
| Net Margin | 19.2% | 19.8% | 2.7% | -0.6pp | 16.6pp |
| EPS (Diluted) | $0.75 | $0.89 | $0.10 | -15.7% | 679.6% |
| Free Cash Flow | $209M | $145M | -$133M | 43.9% | 257.9% |
| Item | Amount |
|---|---|
| REVENUE | $881M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $804M |
| R&D Expenses | $429M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $284M |
| Other Expenses | $0 |
| Operating Expenses | $713M |
| Cost & Expenses | $790M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $430.0K |
| Other Income/Expenses | $146M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $22M |
| EBIT | $237M |
| EBITDA | $259M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $881M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $804M |
| R&D Expenses | $429M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $284M |
| Other Expenses | $0 |
| Operating Expenses | $713M |
| Cost & Expenses | $790M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $430.0K |
| Other Income/Expenses | $146M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $22M |
| EBIT | $237M |
| EBITDA | $259M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | -$34M |
| Other Non-Cash Items | -$97M |
| Change in Working Capital | $99M |
| OPERATING CASH FLOW | $219M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$166M |
| Sales/Maturities of Investments | $102M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | -$871.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $209M |
| Net Change in Cash | $133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $504M |
| Net Receivables | $746M |
| Inventory | $64M |
| Other Current Assets | $189M |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $746M |
| Goodwill | $156M |
| Intangible Assets | $118M |
| Long-Term Investments | $288M |
| Tax Assets | $667M |
| Other Non-Current Assets | $313M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $164M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $550M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $316M |
| TOTAL NON-CURRENT LIABILITIES | $345M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $224.0K |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $330M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $37M |
| Net Debt | -$3.3B |
