| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.7B | 0.2% | -14.0% |
| Op. Income | $41M | $67M | $138M | -39.4% | -70.3% |
| Gross Margin | 37.2% | 39.7% | 40.2% | -2.4pp | -3.0pp |
| Net Margin | 4.3% | 5.9% | 7.1% | -1.6pp | -2.8pp |
| EPS (Diluted) | $0.61 | $0.83 | $1.14 | -26.5% | -46.5% |
| Free Cash Flow | -$28M | $103M | $56M | -126.9% | -149.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $926M |
| GROSS PROFIT | $549M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $509M |
| Other Expenses | $0 |
| Operating Expenses | $509M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $41M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $50M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $13M |
| EBIT | $41M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $926M |
| GROSS PROFIT | $549M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $509M |
| Other Expenses | $0 |
| Operating Expenses | $509M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $41M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $50M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $13M |
| EBIT | $41M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$50M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$86M |
| Common Dividends Paid | -$58M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$143M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$191M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $541M |
| Short-Term Investments | $0 |
| Net Receivables | $861M |
| Inventory | $0 |
| Other Current Assets | $661M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $316M |
| Goodwill | $238M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $134M |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $734M |
| TOTAL ASSETS | $2.9B |
| Account Payables | $126M |
| Short-Term Debt | $76M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $165M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$140M |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $192M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $406M |
| Net Debt | -$135M |
