| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $6.7B | $6.9B | -22.1% | -24.2% |
| Op. Income | $474M | $640M | $498M | -26.0% | -4.9% |
| Gross Margin | 49.7% | 41.8% | 37.5% | 7.9pp | 12.2pp |
| Net Margin | 9.8% | -0.8% | 4.8% | 10.5pp | 5.0pp |
| EPS (Diluted) | $0.09 | $-0.01 | $0.06 | 796.4% | 57.9% |
| Free Cash Flow | $1.1B | $2.0B | -$174M | -44.5% | 740.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $810M |
| Other Expenses | -$14M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $474M |
| Interest Income | $56M |
| Interest Expense | $0 |
| Other Income/Expenses | $68M |
| INCOME BEFORE TAX | $541M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $527M |
| Net Income from Discontinued Ops | -$15M |
| Other Adjustments | $0 |
| NET INCOME | $507M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $507M |
| D&A | $305M |
| EBIT | $472M |
| EBITDA | $778M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $810M |
| Other Expenses | -$14M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $474M |
| Interest Income | $56M |
| Interest Expense | $0 |
| Other Income/Expenses | $68M |
| INCOME BEFORE TAX | $541M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $527M |
| Net Income from Discontinued Ops | -$15M |
| Other Adjustments | $0 |
| NET INCOME | $507M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $507M |
| D&A | $305M |
| EBIT | $472M |
| EBITDA | $778M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $509M |
| Depreciation & Amortization | $305M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$65M |
| Change in Working Capital | $499M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$131M |
| Acquisitions (Net) | $29M |
| Purchases of Investments | -$475M |
| Sales/Maturities of Investments | $437M |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | -$117M |
| Net Debt Issuance | -$542M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$194M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$746M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $382M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.7B |
| Short-Term Investments | $2.1B |
| Net Receivables | $6.2B |
| Inventory | $3.1B |
| Other Current Assets | $3.1B |
| TOTAL CURRENT ASSETS | $20.9B |
| PP&E (Net) | $3.3B |
| Goodwill | $6.5B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $2.3B |
| Tax Assets | $4.6B |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $25.5B |
| TOTAL ASSETS | $46.4B |
| Account Payables | $3.6B |
| Short-Term Debt | $755M |
| Deferred Revenue | $2.7B |
| Other Current Liabilities | $5.2B |
| TOTAL CURRENT LIABILITIES | $12.7B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $8.9B |
| TOTAL LIABILITIES | $21.6B |
| Common Stock | $288M |
| Additional Paid-In Capital | $794M |
| Retained Earnings | $2.0B |
| Treasury Stock | -$420M |
| Accum. Other Comp. Income | $22.1B |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $24.7B |
| Minority Interest | $111M |
| TOTAL EQUITY | $24.8B |
| TOTAL LIABILITIES & EQUITY | $46.4B |
| Total Debt | $5.6B |
| Net Debt | -$2.1B |
