| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.5B | $1.5B | 20.7% | 21.5% |
| Op. Income | $802M | $534M | $568M | 50.2% | 41.2% |
| Gross Margin | 68.1% | 65.0% | 64.9% | 3.1pp | 3.2pp |
| Net Margin | 32.3% | 23.0% | 34.1% | 9.3pp | -1.8pp |
| EPS (Diluted) | $3.15 | $1.85 | $2.72 | 70.3% | 15.8% |
| Free Cash Flow | $697M | $404M | $535M | 72.5% | 30.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $570M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $414M |
| Other Expenses | $0 |
| Operating Expenses | $414M |
| Cost & Expenses | $984M |
| OPERATING INCOME | $802M |
| Interest Income | $22M |
| Interest Expense | $49M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $752M |
| Income Tax Expense | $175M |
| Net Income from Continuing Ops | $577M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $577M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $577M |
| D&A | $100M |
| EBIT | $801M |
| EBITDA | $901M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $570M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $414M |
| Other Expenses | $0 |
| Operating Expenses | $414M |
| Cost & Expenses | $984M |
| OPERATING INCOME | $802M |
| Interest Income | $22M |
| Interest Expense | $49M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $752M |
| Income Tax Expense | $175M |
| Net Income from Continuing Ops | $577M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $577M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $577M |
| D&A | $100M |
| EBIT | $801M |
| EBITDA | $901M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $577M |
| Depreciation & Amortization | $100M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $25M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $775M |
| Capital Expenditure | -$78M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$173M |
| Common Dividends Paid | -$155M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$308M |
| FREE CASH FLOW | $697M |
| Net Change in Cash | $346M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $58M |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $873M |
| Goodwill | $5.9B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $662M |
| Tax Assets | $270M |
| Other Non-Current Assets | $629M |
| TOTAL NON-CURRENT ASSETS | $10.3B |
| TOTAL ASSETS | $15.0B |
| Account Payables | $88M |
| Short-Term Debt | $794M |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $335M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $6.3B |
| Deferred Revenue NC | $61M |
| Deferred Tax Liabilities | $458M |
| Other Non-Current Liabilities | $836M |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $15.1B |
| Treasury Stock | -$12.2B |
| Accum. Other Comp. Income | -$608M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $160M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $15.0B |
| Total Debt | $7.3B |
| Net Debt | $4.9B |
