| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.2B | $5.1B | 8.6% | -31.4% |
| Op. Income | $1.0B | $855M | $1.7B | 19.7% | -39.7% |
| Gross Margin | 47.5% | 45.5% | 46.1% | 2.1pp | 1.5pp |
| Net Margin | 25.5% | 25.0% | 28.1% | 0.5pp | -2.6pp |
| EPS (Diluted) | $0.67 | $0.60 | $1.04 | 11.7% | -35.6% |
| Free Cash Flow | $874M | $1.0B | $1.0B | -16.3% | -16.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $423M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $207M |
| Other Expenses | $2M |
| Operating Expenses | $632M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.0B |
| Interest Income | $57M |
| Interest Expense | $45M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $138M |
| Net Income from Continuing Ops | $887M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $887M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $887M |
| D&A | $90M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $423M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $207M |
| Other Expenses | $2M |
| Operating Expenses | $632M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.0B |
| Interest Income | $57M |
| Interest Expense | $45M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $138M |
| Net Income from Continuing Ops | $887M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $887M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $887M |
| D&A | $90M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $887M |
| Depreciation & Amortization | $90M |
| Stock-Based Compensation | $67M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | -$150.0K |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | $951M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | -$253M |
| Common Stock Repurchased | -$843M |
| Common Dividends Paid | -$230M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $874M |
| Net Change in Cash | -$461M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $31M |
| Net Receivables | $2.8B |
| Inventory | $4.7B |
| Other Current Assets | $278M |
| TOTAL CURRENT ASSETS | $13.0B |
| PP&E (Net) | $2.1B |
| Goodwill | $1.6B |
| Intangible Assets | $158M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $18.5B |
| Account Payables | $528M |
| Short-Term Debt | $4M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $132.0K |
| Additional Paid-In Capital | $7.9B |
| Retained Earnings | $22.7B |
| Treasury Stock | -$22.4B |
| Accum. Other Comp. Income | -$121M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $18.5B |
| Total Debt | $5.0B |
| Net Debt | -$142M |
