| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.3B | $2.9B | 0.1% | 14.0% |
| Op. Income | $664M | $626M | $926M | 6.1% | -28.3% |
| Gross Margin | 61.7% | 62.3% | 78.3% | -0.7pp | -16.6pp |
| Net Margin | 16.1% | 14.6% | 24.3% | 1.5pp | -8.2pp |
| EPS (Diluted) | $3.02 | $2.74 | $4.01 | 10.2% | -24.7% |
| Free Cash Flow | $573M | $712M | $373M | -19.6% | 53.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $864M |
| SG&A Expenses | $884M |
| Other Expenses | $487M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $664M |
| Interest Income | $2.7B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $664M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $531M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $531M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $505M |
| D&A | $130M |
| EBIT | $664M |
| EBITDA | $794M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $864M |
| SG&A Expenses | $884M |
| Other Expenses | $487M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $664M |
| Interest Income | $2.7B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $664M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $531M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $531M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $505M |
| D&A | $130M |
| EBIT | $664M |
| EBITDA | $794M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $531M |
| Depreciation & Amortization | $130M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $205M |
| Change in Working Capital | -$260M |
| OPERATING CASH FLOW | $608M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.4B |
| Sales/Maturities of Investments | $2.4B |
| Other Investing Activities | -$5.0B |
| NET CASH FROM INVESTING | -$7.1B |
| Net Debt Issuance | $2.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$221M |
| Other Financing Activities | $3.9B |
| NET CASH FROM FINANCING | $6.4B |
| FREE CASH FLOW | $573M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33.8B |
| Short-Term Investments | $8.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $42.0B |
| PP&E (Net) | $1.7B |
| Goodwill | $8.5B |
| Intangible Assets | $132M |
| Long-Term Investments | $153.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.6B |
| TOTAL NON-CURRENT ASSETS | $173.1B |
| TOTAL ASSETS | $215.1B |
| Account Payables | $0 |
| Short-Term Debt | $4.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $167.2B |
| TOTAL CURRENT LIABILITIES | $172.0B |
| Long-Term Debt | $11.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $16.0B |
| TOTAL LIABILITIES | $188.0B |
| Common Stock | $91M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $17.8B |
| Treasury Stock | -$2.1B |
| Accum. Other Comp. Income | -$589M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.2B |
| TOTAL LIABILITIES & EQUITY | $215.1B |
| Total Debt | $16.2B |
| Net Debt | -$17.6B |
