| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $500M | $435M | $452M | 15.0% | 10.7% |
| Op. Income | $286M | $107M | $160M | 167.8% | 78.1% |
| Gross Margin | 84.3% | 82.8% | 85.6% | 1.4pp | -1.3pp |
| Net Margin | 49.4% | 18.8% | 26.4% | 30.6pp | 23.0pp |
| EPS (Diluted) | $4.37 | $1.43 | $2.06 | 205.6% | 112.1% |
| Free Cash Flow | $101M | $73M | $105M | 37.6% | -4.3% |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $421M |
| R&D Expenses | $51M |
| Selling & Marketing | $116M |
| General & Administrative | -$48M |
| SG&A Expenses | $67M |
| Other Expenses | $18M |
| Operating Expenses | $135M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $286M |
| Interest Income | $0 |
| Interest Expense | $800.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $290M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $33M |
| EBIT | $291M |
| EBITDA | $323M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $421M |
| R&D Expenses | $51M |
| Selling & Marketing | $116M |
| General & Administrative | -$48M |
| SG&A Expenses | $67M |
| Other Expenses | $18M |
| Operating Expenses | $135M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $286M |
| Interest Income | $0 |
| Interest Expense | $800.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $290M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $33M |
| EBIT | $291M |
| EBITDA | $323M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $247M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | -$94M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $179.0K |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $149M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $13.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $42M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $400M |
| NET CASH FROM FINANCING | $376M |
| FREE CASH FLOW | $101M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $371M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $2M |
| Other Current Assets | $2.9B |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $520M |
| Goodwill | $52M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $816M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $109M |
| Deferred Tax Liabilities | $133M |
| Other Non-Current Liabilities | $110M |
| TOTAL NON-CURRENT LIABILITIES | $353M |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $627.0K |
| Additional Paid-In Capital | $635M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$894M |
| Accum. Other Comp. Income | -$495.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $0 |
| Net Debt | -$371M |
