| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $2.7B | $2.8B | 50.6% | 43.8% |
| Op. Income | $627M | -$1.1B | -$213M | 156.6% | 395.1% |
| Gross Margin | 49.3% | 7.6% | 37.4% | 41.7pp | 12.0pp |
| Net Margin | 13.1% | -32.4% | -5.0% | 45.5pp | 18.1pp |
| EPS (Diluted) | $2.22 | $-3.69 | $-0.55 | 160.2% | 503.6% |
| Free Cash Flow | $567M | $916M | $664M | -38.1% | -14.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $627M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $627M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $532M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $533M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $533M |
| D&A | $0 |
| EBIT | $627M |
| EBITDA | $627M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $627M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $627M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $532M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $533M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $533M |
| D&A | $0 |
| EBIT | $627M |
| EBITDA | $627M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $533M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $584M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.9B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$234M |
| Common Dividends Paid | -$162M |
| Other Financing Activities | $608M |
| NET CASH FROM FINANCING | $220M |
| FREE CASH FLOW | $567M |
| Net Change in Cash | -$539M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $23.4B |
| Net Receivables | $24.0B |
| Inventory | $0 |
| Other Current Assets | -$51.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $914M |
| Goodwill | $1.6B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $68.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$72.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $308.7B |
| Account Payables | $0 |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$19.1B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | -$5.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $297.1B |
| Common Stock | $5M |
| Additional Paid-In Capital | $11.0B |
| Retained Earnings | $17.1B |
| Treasury Stock | -$11.6B |
| Accum. Other Comp. Income | -$5.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.2B |
| Minority Interest | $416M |
| TOTAL EQUITY | $11.6B |
| TOTAL LIABILITIES & EQUITY | $308.7B |
| Total Debt | $4.0B |
| Net Debt | -$186M |
