| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.8B | $9.4B | $7.0B | -6.3% | 26.0% |
| Op. Income | $2.7B | $3.2B | $1.7B | -14.3% | 59.5% |
| Gross Margin | 80.9% | 80.9% | 76.6% | 0.0pp | 4.3pp |
| Net Margin | 25.6% | 23.4% | 19.3% | 2.2pp | 6.3pp |
| EPS (Diluted) | $2.48 | $2.42 | $1.42 | 2.5% | 74.6% |
| Free Cash Flow | $180M | -$2.0B | $827M | 109.2% | -78.3% |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $7.1B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.4B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $2.7B |
| Interest Income | $46M |
| Interest Expense | $180M |
| Other Income/Expenses | -$200M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $293M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $401M |
| EBIT | $2.7B |
| EBITDA | $3.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $7.1B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.4B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $2.7B |
| Interest Income | $46M |
| Interest Expense | $180M |
| Other Income/Expenses | -$200M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $293M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $401M |
| EBIT | $2.7B |
| EBITDA | $3.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.2B |
| Depreciation & Amortization | $401M |
| Stock-Based Compensation | $159M |
| Deferred Income Tax | -$279M |
| Other Non-Cash Items | $393M |
| Change in Working Capital | -$1.8B |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$986M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$142M |
| Sales/Maturities of Investments | $112M |
| Other Investing Activities | -$162M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$390M |
| NET CASH FROM FINANCING | -$311M |
| FREE CASH FLOW | $180M |
| Net Change in Cash | -$358M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $126M |
| Net Receivables | $10.0B |
| Inventory | $6.1B |
| Other Current Assets | $139M |
| TOTAL CURRENT ASSETS | $25.2B |
| PP&E (Net) | $13.6B |
| Goodwill | $4.9B |
| Intangible Assets | $6.8B |
| Long-Term Investments | $3.1B |
| Tax Assets | $5.6B |
| Other Non-Current Assets | $4.7B |
| TOTAL NON-CURRENT ASSETS | $38.8B |
| TOTAL ASSETS | $63.9B |
| Account Payables | $2.5B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.6B |
| TOTAL CURRENT LIABILITIES | $18.6B |
| Long-Term Debt | $24.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.9B |
| TOTAL NON-CURRENT LIABILITIES | $32.4B |
| TOTAL LIABILITIES | $51.0B |
| Common Stock | $594M |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | $12.6B |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | -$4.3B |
| Other Equity | -$3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $12.8B |
| Minority Interest | $85M |
| TOTAL EQUITY | $12.9B |
| TOTAL LIABILITIES & EQUITY | $63.9B |
| Total Debt | $26.2B |
| Net Debt | $23.8B |
