| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.8B | $14.6B | $14.5B | 7.8% | 8.9% |
| Op. Income | $5.8B | -$1.7B | $3.8B | 436.3% | 51.3% |
| Gross Margin | 77.6% | 73.3% | 72.9% | 4.3pp | 4.7pp |
| Net Margin | 30.2% | -8.4% | 19.5% | 38.6pp | 10.7pp |
| EPS (Diluted) | $1.87 | $-0.48 | $1.11 | 489.6% | 68.5% |
| Free Cash Flow | $2.2B | -$743M | $332M | 400.0% | 571.4% |
| Item | Amount |
|---|---|
| REVENUE | $15.8B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $12.2B |
| R&D Expenses | $4.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $6.5B |
| Cost & Expenses | $10.0B |
| OPERATING INCOME | $5.8B |
| Interest Income | $73M |
| Interest Expense | $303M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $5.7B |
| Income Tax Expense | $903M |
| Net Income from Continuing Ops | $4.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.8B |
| D&A | $984M |
| EBIT | $6.0B |
| EBITDA | $7.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $15.8B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $12.2B |
| R&D Expenses | $4.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $6.5B |
| Cost & Expenses | $10.0B |
| OPERATING INCOME | $5.8B |
| Interest Income | $73M |
| Interest Expense | $303M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $5.7B |
| Income Tax Expense | $903M |
| Net Income from Continuing Ops | $4.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.8B |
| D&A | $984M |
| EBIT | $6.0B |
| EBITDA | $7.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.8B |
| Depreciation & Amortization | $984M |
| Stock-Based Compensation | $176M |
| Deferred Income Tax | -$51M |
| Other Non-Cash Items | $596M |
| Change in Working Capital | -$3.4B |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$861M |
| Acquisitions (Net) | -$746M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $260M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | -$751M |
| Common Stock Repurchased | -$122M |
| Common Dividends Paid | -$1.9B |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$2.8B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.6B |
| Short-Term Investments | $40M |
| Net Receivables | $11.4B |
| Inventory | $6.5B |
| Other Current Assets | $8.0B |
| TOTAL CURRENT ASSETS | $31.4B |
| PP&E (Net) | $23.0B |
| Goodwill | $21.2B |
| Intangible Assets | $17.6B |
| Long-Term Investments | $280M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.3B |
| TOTAL NON-CURRENT ASSETS | $74.4B |
| TOTAL ASSETS | $105.8B |
| Account Payables | $3.5B |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25.1B |
| Long-Term Debt | $31.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $922M |
| Other Non-Current Liabilities | $8.3B |
| TOTAL NON-CURRENT LIABILITIES | $40.3B |
| TOTAL LIABILITIES | $65.4B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $44.6B |
| Retained Earnings | $56.7B |
| Treasury Stock | -$57.4B |
| Accum. Other Comp. Income | -$5.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40.4B |
| Minority Interest | $60M |
| TOTAL EQUITY | $40.4B |
| TOTAL LIABILITIES & EQUITY | $105.8B |
| Total Debt | $34.2B |
| Net Debt | $28.6B |
