| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $974M | — | $1.2B | — | -16.0% |
| Op. Income | $78M | — | $115M | — | -32.1% |
| Gross Margin | 38.9% | — | 39.9% | — | -1.0pp |
| Net Margin | 6.4% | — | 8.7% | — | -2.3pp |
| EPS (Diluted) | $0.39 | — | $0.61 | — | -36.1% |
| Free Cash Flow | $224M | — | -$55M | — | 504.8% |
| Item | Amount |
|---|---|
| REVENUE | $974M |
| Cost of Revenue | $596M |
| GROSS PROFIT | $379M |
| R&D Expenses | $71M |
| Selling & Marketing | $179M |
| General & Administrative | $41M |
| SG&A Expenses | $220M |
| Other Expenses | $10M |
| Operating Expenses | $300M |
| Cost & Expenses | $896M |
| OPERATING INCOME | $78M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $23M |
| EBIT | $83M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $974M |
| Cost of Revenue | $596M |
| GROSS PROFIT | $379M |
| R&D Expenses | $71M |
| Selling & Marketing | $179M |
| General & Administrative | $41M |
| SG&A Expenses | $220M |
| Other Expenses | $10M |
| Operating Expenses | $300M |
| Cost & Expenses | $896M |
| OPERATING INCOME | $78M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $23M |
| EBIT | $83M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $117M |
| OPERATING CASH FLOW | $240M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$34.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$95M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$117M |
| FREE CASH FLOW | $224M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $605M |
| Inventory | $572M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $191M |
| Goodwill | $454M |
| Intangible Assets | $57M |
| Long-Term Investments | $61M |
| Tax Assets | $173M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $942M |
| TOTAL ASSETS | $3.4B |
| Account Payables | $387M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $166M |
| TOTAL CURRENT LIABILITIES | $957M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $194M |
| TOTAL NON-CURRENT LIABILITIES | $257M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $30M |
| Additional Paid-In Capital | $50M |
| Retained Earnings | $3.2B |
| Treasury Stock | -$995M |
| Accum. Other Comp. Income | -$100M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $73M |
| Net Debt | -$1.2B |
