| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21.9B | $20.6B | $20.6B | 6.4% | 6.1% |
| Op. Income | $5.8B | $4.2B | $4.9B | 38.6% | 16.8% |
| Gross Margin | 52.0% | 48.4% | 47.4% | 3.6pp | 4.6pp |
| Net Margin | 20.7% | 16.5% | 19.1% | 4.2pp | 1.6pp |
| EPS (Diluted) | $1.83 | $1.45 | $1.57 | 26.2% | 16.6% |
| Free Cash Flow | $4.0B | $4.6B | $3.2B | -13.6% | 25.1% |
| Item | Amount |
|---|---|
| REVENUE | $21.9B |
| Cost of Revenue | $10.5B |
| GROSS PROFIT | $11.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.6B |
| Other Expenses | -$1M |
| Operating Expenses | $5.6B |
| Cost & Expenses | $16.1B |
| OPERATING INCOME | $5.8B |
| Interest Income | $128M |
| Interest Expense | $225M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $5.8B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $4.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.5B |
| Net Income Deductions | $71M |
| BOTTOM LINE NET INCOME | $4.5B |
| D&A | $702M |
| EBIT | $6.0B |
| EBITDA | $6.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $21.9B |
| Cost of Revenue | $10.5B |
| GROSS PROFIT | $11.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.6B |
| Other Expenses | -$1M |
| Operating Expenses | $5.6B |
| Cost & Expenses | $16.1B |
| OPERATING INCOME | $5.8B |
| Interest Income | $128M |
| Interest Expense | $225M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $5.8B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $4.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.5B |
| Net Income Deductions | $71M |
| BOTTOM LINE NET INCOME | $4.5B |
| D&A | $702M |
| EBIT | $6.0B |
| EBITDA | $6.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.6B |
| Depreciation & Amortization | $702M |
| Stock-Based Compensation | $125M |
| Deferred Income Tax | $102M |
| Other Non-Cash Items | $205M |
| Change in Working Capital | -$786M |
| OPERATING CASH FLOW | $4.9B |
| Capital Expenditure | -$925M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$297M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$2.3B |
| Other Financing Activities | $311M |
| NET CASH FROM FINANCING | -$2.0B |
| FREE CASH FLOW | $4.0B |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.7B |
| Short-Term Investments | $0 |
| Net Receivables | $6.2B |
| Inventory | $7.1B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $24.9B |
| PP&E (Net) | $21.6B |
| Goodwill | $40.2B |
| Intangible Assets | $23.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.1B |
| TOTAL NON-CURRENT ASSETS | $97.6B |
| TOTAL ASSETS | $122.5B |
| Account Payables | $14.4B |
| Short-Term Debt | $11.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $37.2B |
| Long-Term Debt | $24.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.8B |
| Other Non-Current Liabilities | $6.5B |
| TOTAL NON-CURRENT LIABILITIES | $37.4B |
| TOTAL LIABILITIES | $74.5B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $66.8B |
| Retained Earnings | $120.4B |
| Treasury Stock | -$131.0B |
| Accum. Other Comp. Income | -$12.6B |
| Other Equity | -$782M |
| TOTAL STOCKHOLDERS' EQUITY | $47.7B |
| Minority Interest | $321M |
| TOTAL EQUITY | $48.0B |
| TOTAL LIABILITIES & EQUITY | $122.5B |
| Total Debt | $35.9B |
| Net Debt | $26.1B |
