| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.4B | -4.0% | -8.8% |
| Op. Income | $221M | $317M | $322M | -30.3% | -31.4% |
| Gross Margin | 64.6% | 64.4% | 63.9% | 0.2pp | 0.6pp |
| Net Margin | 13.7% | 17.2% | 18.8% | -3.6pp | -5.2pp |
| EPS (Diluted) | $0.98 | $1.28 | $1.45 | -23.4% | -32.4% |
| Free Cash Flow | $281M | $340M | $306M | -17.4% | -8.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $446M |
| GROSS PROFIT | $813M |
| R&D Expenses | $232M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $362M |
| Other Expenses | -$2M |
| Operating Expenses | $592M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $221M |
| Interest Income | $23M |
| Interest Expense | $20M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $68M |
| EBIT | $249M |
| EBITDA | $317M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $446M |
| GROSS PROFIT | $813M |
| R&D Expenses | $232M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $362M |
| Other Expenses | -$2M |
| Operating Expenses | $592M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $221M |
| Interest Income | $23M |
| Interest Expense | $20M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $68M |
| EBIT | $249M |
| EBITDA | $317M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $172M |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $328M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | -$936M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$969M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$93M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$90M |
| FREE CASH FLOW | $281M |
| Net Change in Cash | -$724M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $808M |
| Inventory | $1.0B |
| Other Current Assets | $197M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $1.0B |
| Goodwill | $2.3B |
| Intangible Assets | $616M |
| Long-Term Investments | $90M |
| Tax Assets | $662M |
| Other Non-Current Assets | $355M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $281M |
| Short-Term Debt | $609M |
| Deferred Revenue | $592M |
| Other Current Liabilities | $261M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $213M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $508M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $5.8B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$442M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $2.1B |
| Net Debt | $313M |
