| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.1B | — | $11.0B | — | 9.7% |
| Op. Income | $3.4B | — | $2.6B | — | 28.8% |
| Gross Margin | 74.5% | — | 72.9% | — | 1.5pp |
| Net Margin | 22.2% | — | 20.8% | — | 1.4pp |
| EPS (Diluted) | $1.31 | — | $1.08 | — | 21.3% |
| Free Cash Flow | $1.1B | — | $2.5B | — | -55.4% |
| Item | Amount |
|---|---|
| REVENUE | $12.1B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $390M |
| Operating Expenses | $5.7B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $3.4B |
| Interest Income | $0 |
| Interest Expense | $220M |
| Other Income/Expenses | -$244M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $441M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $1.3B |
| EBIT | $3.4B |
| EBITDA | $4.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.1B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $390M |
| Operating Expenses | $5.7B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $3.4B |
| Interest Income | $0 |
| Interest Expense | $220M |
| Other Income/Expenses | -$244M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $441M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $1.3B |
| EBIT | $3.4B |
| EBITDA | $4.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.7B |
| Depreciation & Amortization | $1.3B |
| Stock-Based Compensation | $260M |
| Deferred Income Tax | $441M |
| Other Non-Cash Items | -$449M |
| Change in Working Capital | -$2.0B |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | -$263M |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $569M |
| Other Investing Activities | -$928M |
| NET CASH FROM INVESTING | -$899M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$5.2B |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$5.2B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$3.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.5B |
| Short-Term Investments | $225M |
| Net Receivables | $8.3B |
| Inventory | $5.7B |
| Other Current Assets | $2.8B |
| TOTAL CURRENT ASSETS | $26.4B |
| PP&E (Net) | $10.5B |
| Goodwill | $23.1B |
| Intangible Assets | $26.3B |
| Long-Term Investments | $2.6B |
| Tax Assets | $4.2B |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $67.9B |
| TOTAL ASSETS | $94.3B |
| Account Payables | $4.1B |
| Short-Term Debt | $8.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.0B |
| TOTAL CURRENT LIABILITIES | $29.3B |
| Long-Term Debt | $17.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.3B |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $25.3B |
| TOTAL LIABILITIES | $54.6B |
| Common Stock | $793M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $43.8B |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | -$4.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39.7B |
| Minority Interest | $81M |
| TOTAL EQUITY | $39.8B |
| TOTAL LIABILITIES & EQUITY | $94.3B |
| Total Debt | $27.3B |
| Net Debt | $17.8B |
