| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.4B | $3.2B | -8.4% | -0.5% |
| Op. Income | $751M | $1.1B | $1.0B | -28.5% | -25.1% |
| Gross Margin | 86.2% | 81.7% | 82.4% | 4.5pp | 3.8pp |
| Net Margin | 23.0% | 33.8% | 25.9% | -10.8pp | -2.9pp |
| EPS (Diluted) | $6.27 | $10.19 | $7.17 | -38.5% | -12.6% |
| Free Cash Flow | $1.4B | $776M | $1.2B | 74.0% | 13.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $434M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $689M |
| Other Expenses | $15M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $751M |
| Interest Income | $162M |
| Interest Expense | $16M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $701M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | $722M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $722M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $722M |
| D&A | $114M |
| EBIT | $717M |
| EBITDA | $831M |
| EPS | $7 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $434M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $689M |
| Other Expenses | $15M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $751M |
| Interest Income | $162M |
| Interest Expense | $16M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $701M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | $722M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $722M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $722M |
| D&A | $114M |
| EBIT | $717M |
| EBITDA | $831M |
| EPS | $7 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $722M |
| Depreciation & Amortization | $114M |
| Stock-Based Compensation | $230M |
| Deferred Income Tax | -$190M |
| Other Non-Cash Items | $196M |
| Change in Working Capital | $441M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$162M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.7B |
| Sales/Maturities of Investments | $4.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$291M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$344M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | -$128M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $7.9B |
| Net Receivables | $5.2B |
| Inventory | $2.7B |
| Other Current Assets | $415M |
| TOTAL CURRENT ASSETS | $18.9B |
| PP&E (Net) | $4.2B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $7.0B |
| Tax Assets | $2.8B |
| Other Non-Current Assets | $470M |
| TOTAL NON-CURRENT ASSETS | $15.5B |
| TOTAL ASSETS | $34.4B |
| Account Payables | $671M |
| Short-Term Debt | $0 |
| Deferred Revenue | $517M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $186M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $909M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $11.9B |
| Retained Earnings | $28.0B |
| Treasury Stock | -$12.9B |
| Accum. Other Comp. Income | -$77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.0B |
| TOTAL LIABILITIES & EQUITY | $34.4B |
| Total Debt | $2.7B |
| Net Debt | $101M |
