| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.5B | $5.7B | -3.1% | 10.4% |
| Op. Income | $3.6B | $3.4B | $3.1B | 6.9% | 14.9% |
| Gross Margin | 76.1% | 76.7% | 75.2% | -0.5pp | 1.0pp |
| Net Margin | 47.4% | 42.6% | 41.1% | 4.8pp | 6.4pp |
| EPS (Diluted) | $3.22 | $2.97 | $2.47 | 8.4% | 30.4% |
| Free Cash Flow | $1.3B | $4.1B | $1.8B | -68.1% | -28.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $116M |
| General & Administrative | $744M |
| SG&A Expenses | $860M |
| Other Expenses | $370M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $3.6B |
| Interest Income | $0 |
| Interest Expense | $150M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $547M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $216M |
| EBIT | $3.7B |
| EBITDA | $3.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $116M |
| General & Administrative | $744M |
| SG&A Expenses | $860M |
| Other Expenses | $370M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $3.6B |
| Interest Income | $0 |
| Interest Expense | $150M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $547M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $216M |
| EBIT | $3.7B |
| EBITDA | $3.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $216M |
| Stock-Based Compensation | $108M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $437M |
| Change in Working Capital | -$2.1B |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$378M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$161M |
| Sales/Maturities of Investments | $373M |
| Other Investing Activities | -$229M |
| NET CASH FROM INVESTING | -$174M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.0B |
| Common Dividends Paid | -$616M |
| Other Financing Activities | -$73M |
| NET CASH FROM FINANCING | -$2.7B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.3B |
| Short-Term Investments | $364M |
| Net Receivables | $4.2B |
| Inventory | $0 |
| Other Current Assets | $6.5B |
| TOTAL CURRENT ASSETS | $18.4B |
| PP&E (Net) | $2.1B |
| Goodwill | $7.5B |
| Intangible Assets | $4.1B |
| Long-Term Investments | $1.7B |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $7.4B |
| TOTAL NON-CURRENT ASSETS | $24.2B |
| TOTAL ASSETS | $42.6B |
| Account Payables | $790M |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.4B |
| TOTAL CURRENT LIABILITIES | $16.9B |
| Long-Term Debt | $13.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $345M |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $18.4B |
| TOTAL LIABILITIES | $35.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | $65.0B |
| Treasury Stock | -$62.4B |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $65M |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $42.6B |
| Total Debt | $15.6B |
| Net Debt | $8.3B |
