| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.6B | $6.3B | — | 67.6% | — |
| Op. Income | $1.4B | $7.9B | — | -82.6% | — |
| Gross Margin | 9.7% | 55.8% | — | -46.2pp | — |
| Net Margin | 6.4% | 16.4% | — | -10.0pp | — |
| EPS (Diluted) | $0.74 | $1.14 | — | -35.1% | — |
| Free Cash Flow | $1.5B | $2.1B | — | -27.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.3B |
| General & Administrative | $661M |
| SG&A Expenses | $2.0B |
| Other Expenses | -$1.3B |
| Operating Expenses | $685M |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $1.4B |
| Interest Income | $890M |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $269M |
| Net Income from Continuing Ops | $682M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $682M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $682M |
| D&A | $22M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.3B |
| General & Administrative | $661M |
| SG&A Expenses | $2.0B |
| Other Expenses | -$1.3B |
| Operating Expenses | $685M |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $1.4B |
| Interest Income | $890M |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $269M |
| Net Income from Continuing Ops | $682M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $682M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $682M |
| D&A | $22M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $682M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $183M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $49M |
| Change in Working Capital | $590M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24.2B |
| Sales/Maturities of Investments | $19.0B |
| Other Investing Activities | -$992M |
| NET CASH FROM INVESTING | -$6.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$146M |
| Other Financing Activities | $191M |
| NET CASH FROM FINANCING | $45M |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | -$4.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.6B |
| Short-Term Investments | $102.0B |
| Net Receivables | $92.4B |
| Inventory | $0 |
| Other Current Assets | $718M |
| TOTAL CURRENT ASSETS | $210.7B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.0B |
| Intangible Assets | $6.6B |
| Long-Term Investments | $112.5B |
| Tax Assets | $2.5B |
| Other Non-Current Assets | $5.0B |
| TOTAL NON-CURRENT ASSETS | $129.0B |
| TOTAL ASSETS | $339.8B |
| Account Payables | $3.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $46.7B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $50.5B |
| Long-Term Debt | $48.1B |
| Deferred Revenue NC | -$233.0B |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $414.9B |
| TOTAL NON-CURRENT LIABILITIES | $232.4B |
| TOTAL LIABILITIES | $282.9B |
| Common Stock | $9M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $10.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7.0B |
| Other Equity | $18.0B |
| TOTAL STOCKHOLDERS' EQUITY | $21.4B |
| Minority Interest | $35.5B |
| TOTAL EQUITY | $56.9B |
| TOTAL LIABILITIES & EQUITY | $339.8B |
| Total Debt | $48.1B |
| Net Debt | $32.5B |
