| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $571M | $535M | $529M | 6.9% | 8.0% |
| Op. Income | $133M | $124M | $141M | 6.8% | -5.7% |
| Gross Margin | 43.5% | 42.2% | 43.6% | 1.2pp | -0.2pp |
| Net Margin | 17.8% | 18.3% | 20.1% | -0.5pp | -2.3pp |
| EPS (Diluted) | $1.39 | $1.34 | $1.46 | 3.7% | -4.8% |
| Free Cash Flow | $150M | $163M | $90M | -8.0% | 66.2% |
| Item | Amount |
|---|---|
| REVENUE | $571M |
| Cost of Revenue | $323M |
| GROSS PROFIT | $248M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $0 |
| Operating Expenses | $116M |
| Cost & Expenses | $439M |
| OPERATING INCOME | $133M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $548.0K |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $49M |
| EBIT | $137M |
| EBITDA | $187M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $571M |
| Cost of Revenue | $323M |
| GROSS PROFIT | $248M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $0 |
| Operating Expenses | $116M |
| Cost & Expenses | $439M |
| OPERATING INCOME | $133M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $548.0K |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $49M |
| EBIT | $137M |
| EBITDA | $187M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | -$111.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $157M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $852.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$87M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $307M |
| Inventory | $0 |
| Other Current Assets | $285M |
| TOTAL CURRENT ASSETS | $635M |
| PP&E (Net) | $212M |
| Goodwill | $805M |
| Intangible Assets | $676M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $601M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $20M |
| Short-Term Debt | $90M |
| Deferred Revenue | $249M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $571M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $71M |
| Deferred Tax Liabilities | $239M |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $433M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $623M |
| Retained Earnings | $3.2B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $140M |
| Net Debt | $97M |
