| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.2B | $18.9B | $15.1B | -8.9% | 13.7% |
| Op. Income | $2.0B | $2.3B | $2.0B | -11.5% | -0.4% |
| Gross Margin | 11.6% | 12.2% | 13.5% | -0.6pp | -1.9pp |
| Net Margin | 9.0% | 9.9% | 11.2% | -0.9pp | -2.2pp |
| EPS (Diluted) | $6.39 | $7.58 | $6.61 | -15.7% | -3.3% |
| Free Cash Flow | $1.3B | $1.7B | $1.3B | -24.3% | -1.0% |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $15.2B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$16M |
| SG&A Expenses | -$16M |
| Other Expenses | -$20M |
| Operating Expenses | -$36M |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $255M |
| Other Income/Expenses | -$194M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $290M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $351M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $15.2B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$16M |
| SG&A Expenses | -$16M |
| Other Expenses | -$20M |
| Operating Expenses | -$36M |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $255M |
| Other Income/Expenses | -$194M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $290M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $351M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $351M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | -$77M |
| Other Non-Cash Items | -$304M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$378M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$372M |
| Net Debt Issuance | $2.0B |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$780M |
| Other Financing Activities | -$115M |
| NET CASH FROM FINANCING | $85M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $0 |
| Net Receivables | $16.3B |
| Inventory | $3.3B |
| Other Current Assets | $583M |
| TOTAL CURRENT ASSETS | $23.0B |
| PP&E (Net) | $8.4B |
| Goodwill | $10.8B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $611M |
| Tax Assets | $3.0B |
| Other Non-Current Assets | $7.1B |
| TOTAL NON-CURRENT ASSETS | $32.0B |
| TOTAL ASSETS | $55.0B |
| Account Payables | $3.5B |
| Short-Term Debt | $168M |
| Deferred Revenue | $8.7B |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $17.7B |
| Long-Term Debt | $19.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.4B |
| TOTAL NON-CURRENT LIABILITIES | $30.6B |
| TOTAL LIABILITIES | $48.3B |
| Common Stock | $239M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $15.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $55.0B |
| Total Debt | $19.4B |
| Net Debt | $16.6B |
