| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.2B | $10.3B | $8.4B | -0.8% | 22.5% |
| Op. Income | $5.0B | $4.2B | $3.9B | 19.0% | 27.3% |
| Gross Margin | 84.8% | 84.8% | 84.7% | 0.0pp | 0.2pp |
| Net Margin | 38.9% | 33.3% | 37.1% | 5.5pp | 1.8pp |
| EPS (Diluted) | $0.89 | $0.77 | $0.69 | 15.7% | 29.4% |
| Free Cash Flow | $831M | -$1.1B | $3.9B | 177.1% | -78.8% |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $8.7B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $2.1B |
| General & Administrative | $181M |
| SG&A Expenses | $2.3B |
| Other Expenses | $89M |
| Operating Expenses | $3.7B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $5.0B |
| Interest Income | $336M |
| Interest Expense | $325M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.0B |
| D&A | $457M |
| EBIT | $5.3B |
| EBITDA | $5.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $8.7B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $2.1B |
| General & Administrative | $181M |
| SG&A Expenses | $2.3B |
| Other Expenses | $89M |
| Operating Expenses | $3.7B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $5.0B |
| Interest Income | $336M |
| Interest Expense | $325M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.0B |
| D&A | $457M |
| EBIT | $5.3B |
| EBITDA | $5.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4.0B |
| Depreciation & Amortization | $457M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1.0B |
| Other Non-Cash Items | -$1.7B |
| Change in Working Capital | -$1.5B |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$182M |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | -$84M |
| NET CASH FROM INVESTING | $620M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$444M |
| Common Dividends Paid | -$4.5B |
| Other Financing Activities | $835M |
| NET CASH FROM FINANCING | -$4.1B |
| FREE CASH FLOW | $831M |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $991M |
| Short-Term Investments | $467M |
| Net Receivables | $11.2B |
| Inventory | $5.3B |
| Other Current Assets | $277M |
| TOTAL CURRENT ASSETS | $18.2B |
| PP&E (Net) | $15.4B |
| Goodwill | $0 |
| Intangible Assets | $9.3B |
| Long-Term Investments | $259M |
| Tax Assets | $3.3B |
| Other Non-Current Assets | $315M |
| TOTAL NON-CURRENT ASSETS | $28.6B |
| TOTAL ASSETS | $46.8B |
| Account Payables | $2.0B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.4B |
| TOTAL CURRENT LIABILITIES | $25.9B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $31.3B |
| Common Stock | $71M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $15.5B |
| Treasury Stock | -$783.3K |
| Accum. Other Comp. Income | -$92M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.5B |
| TOTAL LIABILITIES & EQUITY | $46.8B |
| Total Debt | $4.2B |
| Net Debt | $3.2B |
