| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $736M | $726M | $690M | 1.3% | 6.7% |
| Op. Income | $193M | $197M | $167M | -1.9% | 15.8% |
| Gross Margin | 39.9% | 39.7% | 38.1% | 0.2pp | 1.8pp |
| Net Margin | 18.7% | 20.9% | 18.6% | -2.2pp | 0.2pp |
| EPS (Diluted) | $3.93 | $4.30 | $3.38 | -8.6% | 16.3% |
| Free Cash Flow | $203M | $221M | $168M | -8.3% | 20.5% |
| Item | Amount |
|---|---|
| REVENUE | $736M |
| Cost of Revenue | $442M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $100M |
| Operating Expenses | $100M |
| Cost & Expenses | $543M |
| OPERATING INCOME | $193M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | -$11M |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $7M |
| EBIT | $200M |
| EBITDA | $207M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $736M |
| Cost of Revenue | $442M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $100M |
| Operating Expenses | $100M |
| Cost & Expenses | $543M |
| OPERATING INCOME | $193M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | -$11M |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $7M |
| EBIT | $200M |
| EBITDA | $207M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $138M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$50M |
| Change in Working Capital | $103M |
| OPERATING CASH FLOW | $211M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$169M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | -$65.0K |
| Common Stock Repurchased | -$109M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$143M |
| FREE CASH FLOW | $203M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $593M |
| Short-Term Investments | $1.0B |
| Net Receivables | $3.5B |
| Inventory | $0 |
| Other Current Assets | -$5.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $52M |
| Goodwill | $128M |
| Intangible Assets | $172M |
| Long-Term Investments | $4.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $14.9B |
| Account Payables | $517M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$715M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.7B |
| Common Stock | $346.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$100M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $14.9B |
| Total Debt | $2.0B |
| Net Debt | $1.4B |
