| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $607M | $657M | $413M | -7.6% | 47.0% |
| Op. Income | $199M | $187M | $161M | 6.6% | 23.8% |
| Gross Margin | 55.7% | 62.6% | 81.7% | -6.9pp | -26.0pp |
| Net Margin | 28.0% | 24.7% | 33.1% | 3.3pp | -5.0pp |
| EPS (Diluted) | $1.08 | $0.98 | $0.82 | 9.5% | 30.7% |
| Free Cash Flow | $286M | $331M | $257M | -13.6% | 11.2% |
| Item | Amount |
|---|---|
| REVENUE | $607M |
| Cost of Revenue | $269M |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $61M |
| General & Administrative | $16M |
| SG&A Expenses | $76M |
| Other Expenses | $63M |
| Operating Expenses | $139M |
| Cost & Expenses | $408M |
| OPERATING INCOME | $199M |
| Interest Income | $232M |
| Interest Expense | $0 |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $3M |
| EBIT | $246M |
| EBITDA | $248M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $607M |
| Cost of Revenue | $269M |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $61M |
| General & Administrative | $16M |
| SG&A Expenses | $76M |
| Other Expenses | $63M |
| Operating Expenses | $139M |
| Cost & Expenses | $408M |
| OPERATING INCOME | $199M |
| Interest Income | $232M |
| Interest Expense | $0 |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $3M |
| EBIT | $246M |
| EBITDA | $248M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $109M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $286M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$459M |
| NET CASH FROM INVESTING | -$459M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $259M |
| NET CASH FROM FINANCING | $259M |
| FREE CASH FLOW | $286M |
| Net Change in Cash | $87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $775M |
| Short-Term Investments | $2M |
| Net Receivables | $933M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $38M |
| Goodwill | $6M |
| Intangible Assets | $144M |
| Long-Term Investments | $4.3B |
| Tax Assets | $162M |
| Other Non-Current Assets | $499M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $0 |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.2B |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $10M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $100M |
| Net Debt | -$675M |
