| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.7B | $3.9B | 6.2% | 1.1% |
| Op. Income | $550M | $460M | $640M | 19.6% | -14.1% |
| Gross Margin | 57.6% | 55.7% | 55.2% | 1.8pp | 2.4pp |
| Net Margin | 7.6% | 8.9% | 12.2% | -1.3pp | -4.6pp |
| EPS (Diluted) | $0.15 | $0.17 | $0.27 | -11.8% | -44.4% |
| Free Cash Flow | $134M | $727M | $747M | -81.6% | -82.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $119M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $550M |
| Interest Income | $14M |
| Interest Expense | $109M |
| Other Income/Expenses | -$123M |
| INCOME BEFORE TAX | $427M |
| Income Tax Expense | $131M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $149M |
| EBIT | $536M |
| EBITDA | $685M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $119M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $550M |
| Interest Income | $14M |
| Interest Expense | $109M |
| Other Income/Expenses | -$123M |
| INCOME BEFORE TAX | $427M |
| Income Tax Expense | $131M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $149M |
| EBIT | $536M |
| EBITDA | $685M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $296M |
| Depreciation & Amortization | $149M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $104M |
| Change in Working Capital | -$339M |
| OPERATING CASH FLOW | $287M |
| Capital Expenditure | -$153M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$152M |
| Net Debt Issuance | $160M |
| Common Stock Repurchased | -$91M |
| Common Dividends Paid | -$383M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$326M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | -$227M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $1.9B |
| Other Current Assets | $253M |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $2.0B |
| Goodwill | $9.0B |
| Intangible Assets | $9.4B |
| Long-Term Investments | $0 |
| Tax Assets | $171M |
| Other Non-Current Assets | $600M |
| TOTAL NON-CURRENT ASSETS | $21.2B |
| TOTAL ASSETS | $27.3B |
| Account Payables | $2.6B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $171M |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $797M |
| TOTAL NON-CURRENT LIABILITIES | $10.5B |
| TOTAL LIABILITIES | $16.7B |
| Common Stock | $19M |
| Additional Paid-In Capital | $16.0B |
| Retained Earnings | $342M |
| Treasury Stock | -$98M |
| Accum. Other Comp. Income | -$5.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.6B |
| TOTAL LIABILITIES & EQUITY | $27.3B |
| Total Debt | $8.7B |
| Net Debt | $7.5B |
