| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.2B | $16.9B | $14.3B | 2.1% | 20.6% |
| Op. Income | $2.9B | $2.5B | $554M | 17.4% | 430.3% |
| Gross Margin | 29.2% | 24.8% | 17.9% | 4.4pp | 11.3pp |
| Net Margin | 13.5% | 11.8% | 3.1% | 1.7pp | 10.4pp |
| EPS (Diluted) | $3.94 | $3.37 | $0.75 | 16.9% | 425.3% |
| Free Cash Flow | $4.2B | $2.4B | $2.4B | 77.7% | 73.9% |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $12.2B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.1B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $14.3B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $609M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $70M |
| EBIT | $3.0B |
| EBITDA | $3.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $12.2B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.1B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $14.3B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $609M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $70M |
| EBIT | $3.0B |
| EBITDA | $3.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$165M |
| Change in Working Capital | $2.0B |
| OPERATING CASH FLOW | $4.2B |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13.3B |
| Sales/Maturities of Investments | $10.2B |
| Other Investing Activities | $65M |
| NET CASH FROM INVESTING | -$3.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | -$498M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $4.2B |
| Net Change in Cash | $68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $155M |
| Short-Term Investments | $8.4B |
| Net Receivables | $19.2B |
| Inventory | $0 |
| Other Current Assets | -$12.3B |
| TOTAL CURRENT ASSETS | $15.7B |
| PP&E (Net) | $756M |
| Goodwill | $0 |
| Intangible Assets | $1.8B |
| Long-Term Investments | $69.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$69.8B |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $94.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $6.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65.4B |
| TOTAL NON-CURRENT LIABILITIES | $72.3B |
| TOTAL LIABILITIES | $72.3B |
| Common Stock | $586M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $21.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.8B |
| TOTAL LIABILITIES & EQUITY | $94.1B |
| Total Debt | $6.9B |
| Net Debt | $6.7B |
