| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $674M | $690M | $566M | -2.4% | 18.9% |
| Op. Income | $153M | $169M | $188M | -9.4% | -18.7% |
| Gross Margin | 61.6% | 65.7% | 77.5% | -4.0pp | -15.8pp |
| Net Margin | 17.9% | 19.2% | 25.9% | -1.3pp | -8.0pp |
| EPS (Diluted) | $0.40 | $0.44 | $0.49 | -9.1% | -18.4% |
| Free Cash Flow | $96M | $63M | $43M | 53.1% | 121.5% |
| Item | Amount |
|---|---|
| REVENUE | $674M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $415M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $161M |
| SG&A Expenses | $172M |
| Other Expenses | $91M |
| Operating Expenses | $262M |
| Cost & Expenses | $521M |
| OPERATING INCOME | $153M |
| Interest Income | $596M |
| Interest Expense | $240M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $15M |
| EBIT | $153M |
| EBITDA | $168M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $674M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $415M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $161M |
| SG&A Expenses | $172M |
| Other Expenses | $91M |
| Operating Expenses | $262M |
| Cost & Expenses | $521M |
| OPERATING INCOME | $153M |
| Interest Income | $596M |
| Interest Expense | $240M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $15M |
| EBIT | $153M |
| EBITDA | $168M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $120M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$487M |
| Sales/Maturities of Investments | $351M |
| Other Investing Activities | -$622M |
| NET CASH FROM INVESTING | -$766M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$45M |
| Other Financing Activities | $504M |
| NET CASH FROM FINANCING | $426M |
| FREE CASH FLOW | $96M |
| Net Change in Cash | -$236M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $939M |
| Short-Term Investments | $6.8B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $564M |
| Goodwill | $2.0B |
| Intangible Assets | $97M |
| Long-Term Investments | $36.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $41.8B |
| TOTAL ASSETS | $49.5B |
| Account Payables | $0 |
| Short-Term Debt | $325M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37.7B |
| TOTAL CURRENT LIABILITIES | $38.0B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $909M |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $43.9B |
| Common Stock | $293M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$780M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $49.5B |
| Total Debt | $5.3B |
| Net Debt | $4.4B |
