| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.3B | $10.8B | $11.0B | 4.2% | 2.9% |
| Op. Income | $2.1B | $2.3B | $3.4B | -5.8% | -36.4% |
| Gross Margin | 62.5% | 57.3% | 60.7% | 5.2pp | 1.8pp |
| Net Margin | 28.1% | 18.2% | 28.3% | 9.9pp | -0.2pp |
| EPS (Diluted) | $0.74 | $0.46 | $0.72 | 60.9% | 2.8% |
| Free Cash Flow | $158M | $1.8B | -$116M | -91.3% | 236.2% |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $7.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.2B |
| SG&A Expenses | $3.3B |
| Other Expenses | $1.6B |
| Operating Expenses | $4.9B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $2.1B |
| Interest Income | $246M |
| Interest Expense | $382M |
| Other Income/Expenses | $1.7B |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $687M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $262M |
| EBIT | $4.3B |
| EBITDA | $4.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $7.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.2B |
| SG&A Expenses | $3.3B |
| Other Expenses | $1.6B |
| Operating Expenses | $4.9B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $2.1B |
| Interest Income | $246M |
| Interest Expense | $382M |
| Other Income/Expenses | $1.7B |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $687M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $262M |
| EBIT | $4.3B |
| EBITDA | $4.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $262M |
| Stock-Based Compensation | $68M |
| Deferred Income Tax | -$173M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$2.8B |
| OPERATING CASH FLOW | $528M |
| Capital Expenditure | -$370M |
| Acquisitions (Net) | $2.9B |
| Purchases of Investments | -$2.6B |
| Sales/Maturities of Investments | $444M |
| Other Investing Activities | -$91M |
| NET CASH FROM INVESTING | $330M |
| Net Debt Issuance | $919M |
| Common Stock Repurchased | -$702M |
| Common Dividends Paid | -$99M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $406M |
| FREE CASH FLOW | $158M |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.4B |
| Short-Term Investments | $6.5B |
| Net Receivables | $4.2B |
| Inventory | $5.0B |
| Other Current Assets | $3.3B |
| TOTAL CURRENT ASSETS | $29.5B |
| PP&E (Net) | $9.3B |
| Goodwill | $18.2B |
| Intangible Assets | $14.0B |
| Long-Term Investments | $20.1B |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $6.9B |
| TOTAL NON-CURRENT ASSETS | $69.9B |
| TOTAL ASSETS | $99.4B |
| Account Payables | $19.2B |
| Short-Term Debt | $7.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $191M |
| TOTAL CURRENT LIABILITIES | $28.4B |
| Long-Term Debt | $35.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $5.5B |
| TOTAL NON-CURRENT LIABILITIES | $43.1B |
| TOTAL LIABILITIES | $71.4B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $19.3B |
| Retained Earnings | $74.9B |
| Treasury Stock | -$55.0B |
| Accum. Other Comp. Income | -$14.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.4B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $27.9B |
| TOTAL LIABILITIES & EQUITY | $99.4B |
| Total Debt | $42.5B |
| Net Debt | $32.1B |
