| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.3B | $2.7B | 9.3% | 33.6% |
| Op. Income | $291M | $146M | $444M | 99.3% | -34.5% |
| Gross Margin | 46.4% | 47.0% | 64.8% | -0.6pp | -18.4pp |
| Net Margin | 6.0% | 3.5% | 12.5% | 2.6pp | -6.5pp |
| EPS (Diluted) | $0.96 | $0.52 | $1.51 | 84.6% | -36.4% |
| Free Cash Flow | -$1.6B | $2.6B | -$294M | -161.0% | -437.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $749M |
| SG&A Expenses | $765M |
| Other Expenses | $599M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $291M |
| Interest Income | $2.4B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $291M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $170M |
| EBIT | $291M |
| EBITDA | $461M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $749M |
| SG&A Expenses | $765M |
| Other Expenses | $599M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $291M |
| Interest Income | $2.4B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $291M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $170M |
| EBIT | $291M |
| EBITDA | $461M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $215M |
| Depreciation & Amortization | $170M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$603M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | -$1.5B |
| Capital Expenditure | -$128M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11.7B |
| Sales/Maturities of Investments | $11.5B |
| Other Investing Activities | -$4.6B |
| NET CASH FROM INVESTING | -$4.8B |
| Net Debt Issuance | -$31M |
| Common Stock Repurchased | -$132M |
| Common Dividends Paid | -$154M |
| Other Financing Activities | $7.3B |
| NET CASH FROM FINANCING | $6.9B |
| FREE CASH FLOW | -$1.6B |
| Net Change in Cash | $517M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47.0B |
| Short-Term Investments | $8.4B |
| Net Receivables | $116M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $55.5B |
| PP&E (Net) | $488M |
| Goodwill | $698M |
| Intangible Assets | $0 |
| Long-Term Investments | $87.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.6B |
| TOTAL NON-CURRENT ASSETS | $100.6B |
| TOTAL ASSETS | $156.1B |
| Account Payables | $0 |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $123.9B |
| TOTAL CURRENT LIABILITIES | $127.1B |
| Long-Term Debt | $13.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $17.0B |
| TOTAL LIABILITIES | $144.0B |
| Common Stock | $409M |
| Additional Paid-In Capital | $984M |
| Retained Earnings | $14.3B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | -$918M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.1B |
| TOTAL LIABILITIES & EQUITY | $156.1B |
| Total Debt | $16.5B |
| Net Debt | -$30.5B |
