| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $950M | -1.8% | 16.0% |
| Op. Income | $289M | $275M | $276M | 5.0% | 4.8% |
| Gross Margin | 54.4% | 55.0% | 56.9% | -0.6pp | -2.5pp |
| Net Margin | 19.9% | 20.5% | 22.1% | -0.6pp | -2.2pp |
| EPS (Diluted) | $1.49 | $1.56 | $1.43 | -4.5% | 4.2% |
| Free Cash Flow | $245M | $199M | $12M | 23.5% | 1897.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $502M |
| GROSS PROFIT | $600M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $223M |
| Other Expenses | $12M |
| Operating Expenses | $311M |
| Cost & Expenses | $813M |
| OPERATING INCOME | $289M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $219M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $219M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $219M |
| D&A | $53M |
| EBIT | $289M |
| EBITDA | $342M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $502M |
| GROSS PROFIT | $600M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $223M |
| Other Expenses | $12M |
| Operating Expenses | $311M |
| Cost & Expenses | $813M |
| OPERATING INCOME | $289M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $219M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $219M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $219M |
| D&A | $53M |
| EBIT | $289M |
| EBITDA | $342M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $219M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $286M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | -$103M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $250.0K |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$149M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$71M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$151M |
| FREE CASH FLOW | $245M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $209M |
| Short-Term Investments | $0 |
| Net Receivables | $692M |
| Inventory | $958M |
| Other Current Assets | $162M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $657M |
| Goodwill | $2.8B |
| Intangible Assets | $563M |
| Long-Term Investments | $132M |
| Tax Assets | $138M |
| Other Non-Current Assets | $133M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $177M |
| Short-Term Debt | $10M |
| Deferred Revenue | $147M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $771M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $121M |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $588.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$320M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.5B |
| Net Debt | $1.3B |
