| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $3.2B | $2.0B | -31.1% | 10.4% |
| Op. Income | $433M | $914M | $401M | -52.7% | 7.8% |
| Gross Margin | 57.7% | 59.4% | 57.5% | -1.7pp | 0.2pp |
| Net Margin | 14.6% | 20.9% | 14.5% | -6.3pp | 0.0pp |
| EPS (Diluted) | $2.54 | $5.29 | $2.28 | -52.0% | 11.4% |
| Free Cash Flow | -$3M | $1.2B | -$91M | -100.3% | 96.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $934M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $842M |
| Other Expenses | $0 |
| Operating Expenses | $842M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $433M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $456M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $321M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $321M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $321M |
| D&A | $96M |
| EBIT | $433M |
| EBITDA | $528M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $934M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $842M |
| Other Expenses | $0 |
| Operating Expenses | $842M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $433M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $456M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $321M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $321M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $321M |
| D&A | $96M |
| EBIT | $433M |
| EBITDA | $528M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $321M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$316.0K |
| Change in Working Capital | -$315M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$131M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$856.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$132M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$299M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$329M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$343M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $319M |
| Inventory | $1.3B |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $2.8B |
| Goodwill | $24M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $202M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $262M |
| Short-Term Debt | $0 |
| Deferred Revenue | $268M |
| Other Current Liabilities | $262M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $602.0K |
| Additional Paid-In Capital | $570M |
| Retained Earnings | $3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$295M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $1.4B |
| Net Debt | -$499M |
