| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $2.1B | -2.0% | -11.9% |
| Op. Income | $213M | $202M | $291M | 5.4% | -26.8% |
| Gross Margin | 22.2% | 20.8% | 22.8% | 1.3pp | -0.6pp |
| Net Margin | 11.5% | 6.8% | 8.9% | 4.7pp | 2.5pp |
| EPS (Diluted) | $3.23 | $1.97 | $2.85 | 64.0% | 13.3% |
| Free Cash Flow | $144M | $327M | -$127M | -56.0% | 213.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $417M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $204M |
| Operating Expenses | $204M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $213M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $63M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $218M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $53M |
| EBIT | $295M |
| EBITDA | $348M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $417M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $204M |
| Operating Expenses | $204M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $213M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $63M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $218M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $53M |
| EBIT | $295M |
| EBITDA | $348M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $216M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$172M |
| Change in Working Capital | $99M |
| OPERATING CASH FLOW | $209M |
| Capital Expenditure | -$65M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $246M |
| NET CASH FROM INVESTING | $181M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$51M |
| Other Financing Activities | -$310M |
| NET CASH FROM FINANCING | -$347M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $438M |
| Short-Term Investments | $7M |
| Net Receivables | $1.3B |
| Inventory | $1.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.3B |
| Goodwill | $910M |
| Intangible Assets | $376M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $574M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $659M |
| Short-Term Debt | $141M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $471M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $4.8B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $43M |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $58M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $1.9B |
| Net Debt | $1.4B |
