| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.7B | $1.7B | 9.8% | 11.8% |
| Op. Income | $542M | $434M | $485M | 24.9% | 11.7% |
| Gross Margin | 54.1% | 54.2% | 52.8% | -0.2pp | 1.2pp |
| Net Margin | 23.3% | 21.2% | 23.4% | 2.1pp | -0.1pp |
| EPS (Diluted) | $0.42 | $0.35 | $0.38 | 20.0% | 10.5% |
| Free Cash Flow | $337M | $319M | $380M | 5.8% | -11.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $872M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $485M |
| Operating Expenses | $485M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $542M |
| Interest Income | $41M |
| Interest Expense | $0 |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $578M |
| Income Tax Expense | $136M |
| Net Income from Continuing Ops | $442M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $442M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $442M |
| D&A | $20M |
| EBIT | $578M |
| EBITDA | $598M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $872M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $485M |
| Operating Expenses | $485M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $542M |
| Interest Income | $41M |
| Interest Expense | $0 |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $578M |
| Income Tax Expense | $136M |
| Net Income from Continuing Ops | $442M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $442M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $442M |
| D&A | $20M |
| EBIT | $578M |
| EBITDA | $598M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $442M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $9.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | $412M |
| Capital Expenditure | -$75M |
| Acquisitions (Net) | $422.0K |
| Purchases of Investments | -$342M |
| Sales/Maturities of Investments | $382M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$120M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $337M |
| Net Change in Cash | $279M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $984M |
| Net Receivables | $1.4B |
| Inventory | $940M |
| Other Current Assets | $125M |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $923M |
| Goodwill | $1.4B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $8M |
| Tax Assets | $175M |
| Other Non-Current Assets | $107M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $534M |
| Short-Term Debt | $0 |
| Deferred Revenue | $44M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $199M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $291M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | $6.4B |
| Treasury Stock | -$2.7B |
| Accum. Other Comp. Income | -$158M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $0 |
| Net Debt | -$2.6B |
