| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $680M | $690M | $592M | -1.5% | 14.8% |
| Op. Income | $339M | $371M | $315M | -8.5% | 7.9% |
| Gross Margin | 81.1% | 82.2% | 81.7% | -1.1pp | -0.6pp |
| Net Margin | 37.6% | 58.5% | 40.3% | -20.8pp | -2.7pp |
| EPS (Diluted) | $3.22 | $5.07 | $2.97 | -36.5% | 8.4% |
| Free Cash Flow | $276M | $385M | $243M | -28.4% | 13.7% |
| Item | Amount |
|---|---|
| REVENUE | $680M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $551M |
| R&D Expenses | $41M |
| Selling & Marketing | $72M |
| General & Administrative | $57M |
| SG&A Expenses | $129M |
| Other Expenses | $43M |
| Operating Expenses | $212M |
| Cost & Expenses | $341M |
| OPERATING INCOME | $339M |
| Interest Income | $6M |
| Interest Expense | $47M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $48M |
| EBIT | $341M |
| EBITDA | $389M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $680M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $551M |
| R&D Expenses | $41M |
| Selling & Marketing | $72M |
| General & Administrative | $57M |
| SG&A Expenses | $129M |
| Other Expenses | $43M |
| Operating Expenses | $212M |
| Cost & Expenses | $341M |
| OPERATING INCOME | $339M |
| Interest Income | $6M |
| Interest Expense | $47M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $48M |
| EBIT | $341M |
| EBITDA | $389M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $256M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$743.0K |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $300M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$276.0K |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | -$131M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$207M |
| FREE CASH FLOW | $276M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $515M |
| Short-Term Investments | $0 |
| Net Receivables | $746M |
| Inventory | $0 |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $188M |
| Goodwill | $2.9B |
| Intangible Assets | $948M |
| Long-Term Investments | $0 |
| Tax Assets | $39M |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $12M |
| Short-Term Debt | $24M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$6.5B |
| Accum. Other Comp. Income | -$64M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$651M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$651M |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $4.7B |
| Net Debt | $4.1B |
