| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | $1.8B | 3.8% | 14.6% |
| Op. Income | $398M | $237M | $249M | 67.8% | 60.1% |
| Gross Margin | 100.0% | 63.4% | 65.9% | 36.6pp | 34.1pp |
| Net Margin | 15.7% | 9.8% | 11.4% | 5.9pp | 4.3pp |
| EPS (Diluted) | $1.15 | $0.69 | $0.68 | 66.7% | 69.1% |
| Free Cash Flow | $160M | $283M | $157M | -43.4% | 2.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.6B |
| Operating Expenses | $1.6B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $398M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $300.0K |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $317M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $317M |
| D&A | $0 |
| EBIT | $415M |
| EBITDA | $415M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.6B |
| Operating Expenses | $1.6B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $398M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $300.0K |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $317M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $317M |
| D&A | $0 |
| EBIT | $415M |
| EBITDA | $415M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $317M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$324M |
| Change in Working Capital | $168M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $945M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$355M |
| Net Debt Issuance | $396M |
| Common Stock Repurchased | -$194M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $128M |
| FREE CASH FLOW | $160M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137M |
| Short-Term Investments | $3.0B |
| Net Receivables | $7.4B |
| Inventory | $0 |
| Other Current Assets | -$11.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$16.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $27.1B |
| Account Payables | $0 |
| Short-Term Debt | $400M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$941M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $94M |
| Other Non-Current Liabilities | -$1.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $20.7B |
| Common Stock | $272M |
| Additional Paid-In Capital | $501M |
| Retained Earnings | $5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$205M |
| Other Equity | -$56M |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $27.1B |
| Total Debt | $2.0B |
| Net Debt | $1.9B |
