| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.4B | $2.7B | 1.8% | -12.0% |
| Op. Income | $899M | $824M | $1.1B | 9.1% | -19.0% |
| Gross Margin | 60.5% | 59.1% | 61.8% | 1.4pp | -1.3pp |
| Net Margin | 30.9% | 29.1% | 37.7% | 1.9pp | -6.7pp |
| EPS (Diluted) | $5.41 | $4.97 | $7.20 | 8.9% | -24.9% |
| Free Cash Flow | $816M | $880M | $927M | -7.4% | -12.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $947M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $311M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $240M |
| Other Expenses | $0 |
| Operating Expenses | $551M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $899M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $852M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $741M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $741M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $741M |
| D&A | $102M |
| EBIT | $926M |
| EBITDA | $1.0B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $947M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $311M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $240M |
| Other Expenses | $0 |
| Operating Expenses | $551M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $899M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $852M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $741M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $741M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $741M |
| D&A | $102M |
| EBIT | $926M |
| EBITDA | $1.0B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $741M |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | $49M |
| Deferred Income Tax | -$71M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $884M |
| Capital Expenditure | -$68M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$581M |
| Sales/Maturities of Investments | $257M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$392M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$455M |
| Common Dividends Paid | -$182M |
| Other Financing Activities | -$68M |
| NET CASH FROM FINANCING | -$705M |
| FREE CASH FLOW | $816M |
| Net Change in Cash | -$216M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $1.6B |
| Net Receivables | $1.8B |
| Inventory | $3.0B |
| Other Current Assets | $196M |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.3B |
| Intangible Assets | $872M |
| Long-Term Investments | $0 |
| Tax Assets | $870M |
| Other Non-Current Assets | $407M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $14.1B |
| Account Payables | $364M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $336M |
| Deferred Tax Liabilities | $506M |
| Other Non-Current Liabilities | $457M |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $966M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $6.1B |
| Net Debt | $4.4B |
