| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $697M | $643M | $703M | 8.3% | -0.9% |
| Op. Income | $141M | $101M | $125M | 38.9% | 12.6% |
| Gross Margin | 31.1% | 27.5% | 28.2% | 3.5pp | 2.9pp |
| Net Margin | 15.5% | 12.5% | 13.9% | 3.0pp | 1.6pp |
| EPS (Diluted) | $11.23 | $8.38 | $10.09 | 34.0% | 11.3% |
| Free Cash Flow | $89M | $158M | $98M | -43.5% | -8.9% |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $216M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $141M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $26M |
| EBIT | $153M |
| EBITDA | $179M |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $216M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $141M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $26M |
| EBIT | $153M |
| EBITDA | $179M |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| Net Income | $108M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $103M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$684M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$697M |
| Net Debt Issuance | $634M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $601M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $117M |
| Short-Term Investments | $0 |
| Net Receivables | $465M |
| Inventory | $494M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $838M |
| Goodwill | $382M |
| Intangible Assets | $387M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $431M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $260M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $391M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $275M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $1.4B |
| Net Debt | $1.2B |
