| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.5B | $13.8B | $11.4B | -10.0% | 8.8% |
| Op. Income | $3.3B | $4.1B | $2.6B | -20.4% | 25.7% |
| Gross Margin | 71.0% | 73.0% | 73.5% | -2.0pp | -2.5pp |
| Net Margin | 19.4% | 24.0% | 13.5% | -4.6pp | 5.9pp |
| EPS (Diluted) | $0.86 | $1.19 | $0.56 | -27.7% | 53.6% |
| Free Cash Flow | $5.7B | $3.7B | $4.7B | 51.6% | 21.1% |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $2.0B |
| General & Administrative | $393M |
| SG&A Expenses | $2.4B |
| Other Expenses | $912M |
| Operating Expenses | $5.5B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $3.3B |
| Interest Income | $136M |
| Interest Expense | $872M |
| Other Income/Expenses | -$921M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | -$45M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $1.5B |
| EBIT | $3.2B |
| EBITDA | $4.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $2.0B |
| General & Administrative | $393M |
| SG&A Expenses | $2.4B |
| Other Expenses | $912M |
| Operating Expenses | $5.5B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $3.3B |
| Interest Income | $136M |
| Interest Expense | $872M |
| Other Income/Expenses | -$921M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | -$45M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $1.5B |
| EBIT | $3.2B |
| EBITDA | $4.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $1.5B |
| Stock-Based Compensation | $849M |
| Deferred Income Tax | -$517M |
| Other Non-Cash Items | $169M |
| Change in Working Capital | $2.6B |
| OPERATING CASH FLOW | $7.0B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$333M |
| Sales/Maturities of Investments | $85M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | -$3.5B |
| FREE CASH FLOW | $5.7B |
| Net Change in Cash | $1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.6B |
| Short-Term Investments | $470M |
| Net Receivables | $6.5B |
| Inventory | $0 |
| Other Current Assets | $3.6B |
| TOTAL CURRENT ASSETS | $22.2B |
| PP&E (Net) | $17.6B |
| Goodwill | $62.2B |
| Intangible Assets | $9.1B |
| Long-Term Investments | $0 |
| Tax Assets | $12.2B |
| Other Non-Current Assets | $13.3B |
| TOTAL NON-CURRENT ASSETS | $114.5B |
| TOTAL ASSETS | $136.7B |
| Account Payables | $1.0B |
| Short-Term Debt | $4.5B |
| Deferred Revenue | $11.1B |
| Other Current Liabilities | $6.9B |
| TOTAL CURRENT LIABILITIES | $25.4B |
| Long-Term Debt | $84.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.3B |
| Other Non-Current Liabilities | $18.7B |
| TOTAL NON-CURRENT LIABILITIES | $108.5B |
| TOTAL LIABILITIES | $133.8B |
| Common Stock | $30.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$26.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $471M |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $136.7B |
| Total Debt | $88.9B |
| Net Debt | $77.3B |
