| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.6B | $2.4B | 7.1% | 17.2% |
| Op. Income | $434M | $348M | $484M | 24.7% | -10.2% |
| Gross Margin | 28.0% | 28.0% | 32.6% | 0.1pp | -4.5pp |
| Net Margin | 10.2% | 8.2% | 14.0% | 2.0pp | -3.8pp |
| EPS (Diluted) | $3.83 | $2.85 | $4.24 | 34.4% | -9.7% |
| Free Cash Flow | $305M | $37M | -$307M | 730.8% | 199.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $794M |
| R&D Expenses | $0 |
| Selling & Marketing | $127M |
| General & Administrative | $99M |
| SG&A Expenses | $226M |
| Other Expenses | $134M |
| Operating Expenses | $360M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $434M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $374M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $289M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $289M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $289M |
| D&A | $97M |
| EBIT | $434M |
| EBITDA | $531M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $794M |
| R&D Expenses | $0 |
| Selling & Marketing | $127M |
| General & Administrative | $99M |
| SG&A Expenses | $226M |
| Other Expenses | $134M |
| Operating Expenses | $360M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $434M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $374M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $289M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $289M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $289M |
| D&A | $97M |
| EBIT | $434M |
| EBITDA | $531M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $289M |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $4.0K |
| Other Non-Cash Items | $79M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $426M |
| Capital Expenditure | -$121M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | $118M |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$76M |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | $305M |
| Net Change in Cash | $246M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $43M |
| Net Receivables | $3.1B |
| Inventory | $0 |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.8B |
| Intangible Assets | $691M |
| Long-Term Investments | $211M |
| Tax Assets | $167M |
| Other Non-Current Assets | $847M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $11.0B |
| Account Payables | $3.0B |
| Short-Term Debt | $401M |
| Deferred Revenue | $207M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $131.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$4.1B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $11.0B |
| Total Debt | $4.1B |
| Net Debt | $3.0B |
