| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.3B | -1.5% | 6.6% |
| Op. Income | $204M | $221M | $235M | -7.7% | -13.2% |
| Gross Margin | 47.7% | 47.9% | 50.9% | -0.2pp | -3.2pp |
| Net Margin | 11.4% | 12.0% | 14.1% | -0.6pp | -2.6pp |
| EPS (Diluted) | $1.29 | $1.38 | $1.48 | -6.5% | -12.8% |
| Free Cash Flow | $558M | $678M | $562M | -17.7% | -0.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $708M |
| GROSS PROFIT | $647M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $274M |
| SG&A Expenses | $274M |
| Other Expenses | $169M |
| Operating Expenses | $443M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $204M |
| Interest Income | $1.2B |
| Interest Expense | $277M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $204M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $66M |
| EBIT | $204M |
| EBITDA | $270M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $708M |
| GROSS PROFIT | $647M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $274M |
| SG&A Expenses | $274M |
| Other Expenses | $169M |
| Operating Expenses | $443M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $204M |
| Interest Income | $1.2B |
| Interest Expense | $277M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $204M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $66M |
| EBIT | $204M |
| EBITDA | $270M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $155M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $424M |
| Change in Working Capital | -$113M |
| OPERATING CASH FLOW | $558M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$68M |
| Sales/Maturities of Investments | $83M |
| Other Investing Activities | -$248M |
| NET CASH FROM INVESTING | -$233M |
| Net Debt Issuance | -$309M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$122M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$443M |
| FREE CASH FLOW | $558M |
| Net Change in Cash | -$118M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $666M |
| Short-Term Investments | $445M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $0 |
| Goodwill | $1.4B |
| Intangible Assets | $259M |
| Long-Term Investments | $19.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $22.8B |
| TOTAL ASSETS | $23.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $19.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $20.7B |
| TOTAL LIABILITIES | $20.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$732M |
| Accum. Other Comp. Income | -$91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $23.9B |
| Total Debt | $19.5B |
| Net Debt | $18.9B |
