| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | — | -2.0% | — |
| Op. Income | $469M | $450M | — | 4.3% | — |
| Gross Margin | 65.9% | 66.2% | — | -0.4pp | — |
| Net Margin | 28.8% | 31.4% | — | -2.6pp | — |
| EPS (Diluted) | $1.51 | $1.69 | — | -10.7% | — |
| Free Cash Flow | $24M | -$207M | — | 111.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $645M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $285M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $492M |
| Other Expenses | $0 |
| Operating Expenses | $776M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $469M |
| Interest Income | $69M |
| Interest Expense | $0 |
| Other Income/Expenses | $69M |
| INCOME BEFORE TAX | $539M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | $547M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $109M |
| EBIT | $469M |
| EBITDA | $579M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $645M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $285M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $492M |
| Other Expenses | $0 |
| Operating Expenses | $776M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $469M |
| Interest Income | $69M |
| Interest Expense | $0 |
| Other Income/Expenses | $69M |
| INCOME BEFORE TAX | $539M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | $547M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $109M |
| EBIT | $469M |
| EBITDA | $579M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $547M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $153M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$540M |
| OPERATING CASH FLOW | $265M |
| Capital Expenditure | -$242M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$906M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$227M |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $2.0B |
| Net Receivables | $1.3B |
| Inventory | $1.3B |
| Other Current Assets | $273M |
| TOTAL CURRENT ASSETS | $7.6B |
| PP&E (Net) | $3.8B |
| Goodwill | $348M |
| Intangible Assets | $34M |
| Long-Term Investments | $2.7B |
| Tax Assets | $918M |
| Other Non-Current Assets | $364M |
| TOTAL NON-CURRENT ASSETS | $8.2B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $194M |
| Short-Term Debt | $0 |
| Deferred Revenue | $438M |
| Other Current Liabilities | $453M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $50M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $356M |
| TOTAL NON-CURRENT LIABILITIES | $407M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $8.9B |
| Retained Earnings | $5.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.0B |
| Minority Interest | $84M |
| TOTAL EQUITY | $14.0B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $0 |
| Net Debt | -$2.8B |
