| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.5B | 1.5% | 5.5% |
| Op. Income | $414M | $312M | $394M | 32.7% | 5.1% |
| Gross Margin | 59.0% | 57.3% | 62.3% | 1.7pp | -3.3pp |
| Net Margin | 12.4% | 34.2% | 11.5% | -21.8pp | 0.9pp |
| EPS (Diluted) | $0.78 | $2.13 | $0.69 | -63.4% | 13.0% |
| Free Cash Flow | -$20M | $316M | $60M | -106.3% | -133.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $665M |
| GROSS PROFIT | $957M |
| R&D Expenses | $112M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $431M |
| Other Expenses | $0 |
| Operating Expenses | $543M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $414M |
| Interest Income | $0 |
| Interest Expense | $131M |
| Other Income/Expenses | -$178M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $65M |
| EBIT | $367M |
| EBITDA | $432M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $665M |
| GROSS PROFIT | $957M |
| R&D Expenses | $112M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $431M |
| Other Expenses | $0 |
| Operating Expenses | $543M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $414M |
| Interest Income | $0 |
| Interest Expense | $131M |
| Other Income/Expenses | -$178M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $65M |
| EBIT | $367M |
| EBITDA | $432M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$223M |
| OPERATING CASH FLOW | $76M |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$70M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$118M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $575M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $1.3B |
| Other Current Assets | $802M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $4.6B |
| Intangible Assets | $718M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $7.7B |
| TOTAL ASSETS | $11.9B |
| Account Payables | $955M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $8.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $44M |
| Other Non-Current Liabilities | $549M |
| TOTAL NON-CURRENT LIABILITIES | $9.3B |
| TOTAL LIABILITIES | $11.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $49M |
| Retained Earnings | $573M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$577M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $0 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $11.9B |
| Total Debt | $8.7B |
| Net Debt | $8.1B |
