| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.4B | $5.9B | -3.7% | 4.6% |
| Op. Income | $2.7B | $2.8B | $2.5B | -2.4% | 8.1% |
| Gross Margin | 55.7% | 57.0% | 56.2% | -1.3pp | -0.4pp |
| Net Margin | 31.3% | 31.8% | 30.6% | -0.6pp | 0.7pp |
| EPS (Diluted) | $2.66 | $2.80 | $2.45 | -5.0% | 8.6% |
| Free Cash Flow | $1.8B | $1.7B | $1.9B | 6.4% | -3.9% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $622M |
| Other Expenses | $81M |
| Operating Expenses | $703M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $2.7B |
| Interest Income | $47M |
| Interest Expense | $372M |
| Other Income/Expenses | -$327M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $479M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $510M |
| EBIT | $2.8B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $622M |
| Other Expenses | $81M |
| Operating Expenses | $703M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $2.7B |
| Interest Income | $47M |
| Interest Expense | $372M |
| Other Income/Expenses | -$327M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $479M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $510M |
| EBIT | $2.8B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $510M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | -$138M |
| Other Non-Cash Items | -$31M |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$547M |
| Acquisitions (Net) | -$1.8B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$116M |
| NET CASH FROM INVESTING | -$2.5B |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | -$918M |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | $87M |
| NET CASH FROM FINANCING | -$3.7B |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | -$3.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $838M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $46M |
| Other Current Assets | $935M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $38.0B |
| Goodwill | $3.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $2.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $49.5B |
| TOTAL ASSETS | $53.5B |
| Account Payables | $936M |
| Short-Term Debt | $604M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $36.8B |
| Deferred Revenue NC | $784M |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $53.5B |
| TOTAL LIABILITIES | $58.3B |
| Common Stock | $17M |
| Additional Paid-In Capital | $9.0B |
| Retained Earnings | $64.2B |
| Treasury Stock | -$75.5B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4.8B |
| TOTAL LIABILITIES & EQUITY | $53.5B |
| Total Debt | $50.9B |
| Net Debt | $50.0B |
