| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $707M | $654M | $552M | 8.1% | 28.0% |
| Op. Income | $151M | $129M | $171M | 17.4% | -11.7% |
| Gross Margin | 48.1% | 47.4% | 61.5% | 0.7pp | -13.4pp |
| Net Margin | 17.5% | 14.5% | 24.9% | 3.0pp | -7.3pp |
| EPS (Diluted) | $1.57 | $1.19 | $1.76 | 31.9% | -10.8% |
| Free Cash Flow | $180M | $91M | $324M | 98.3% | -44.5% |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $146M |
| SG&A Expenses | $152M |
| Other Expenses | $36M |
| Operating Expenses | $189M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $151M |
| Interest Income | $650M |
| Interest Expense | $332M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $23M |
| EBIT | $151M |
| EBITDA | $174M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $146M |
| SG&A Expenses | $152M |
| Other Expenses | $36M |
| Operating Expenses | $189M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $151M |
| Interest Income | $650M |
| Interest Expense | $332M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $23M |
| EBIT | $151M |
| EBITDA | $174M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $124M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $197M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$195M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | -$369M |
| NET CASH FROM INVESTING | -$536M |
| Net Debt Issuance | -$93.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $836M |
| NET CASH FROM FINANCING | $814M |
| FREE CASH FLOW | $180M |
| Net Change in Cash | $476M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $4.4B |
| Net Receivables | $220M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $266M |
| Goodwill | $1.8B |
| Intangible Assets | $26M |
| Long-Term Investments | $36.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $41.6B |
| TOTAL ASSETS | $48.9B |
| Account Payables | $58M |
| Short-Term Debt | $201M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $39.4B |
| TOTAL CURRENT LIABILITIES | $39.7B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $587M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $42.8B |
| Common Stock | $77M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$179M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $48.9B |
| Total Debt | $2.7B |
| Net Debt | $95M |
