| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $6.0B | $4.5B | -19.3% | 8.1% |
| Op. Income | $591M | $744M | $456M | -20.6% | 29.7% |
| Gross Margin | 28.1% | 27.3% | 26.7% | 0.8pp | 1.4pp |
| Net Margin | 10.0% | 10.1% | 8.3% | -0.1pp | 1.8pp |
| EPS (Diluted) | $1.46 | $1.82 | $1.09 | -19.8% | 33.9% |
| Free Cash Flow | $233M | $726M | $246M | -68.0% | -5.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $776M |
| Other Expenses | $0 |
| Operating Expenses | $776M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $591M |
| Interest Income | $63M |
| Interest Expense | $17M |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | $637M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $488M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $488M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $488M |
| D&A | $109M |
| EBIT | $654M |
| EBITDA | $764M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $776M |
| Other Expenses | $0 |
| Operating Expenses | $776M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $591M |
| Interest Income | $63M |
| Interest Expense | $17M |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | $637M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $488M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $488M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $488M |
| D&A | $109M |
| EBIT | $654M |
| EBITDA | $764M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $488M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$279M |
| OPERATING CASH FLOW | $369M |
| Capital Expenditure | -$136M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$333M |
| Common Dividends Paid | -$123M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$450M |
| FREE CASH FLOW | $233M |
| Net Change in Cash | -$217M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.7B |
| Short-Term Investments | $0 |
| Net Receivables | $165M |
| Inventory | $2.5B |
| Other Current Assets | $226M |
| TOTAL CURRENT ASSETS | $7.5B |
| PP&E (Net) | $6.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $259M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $14.5B |
| Account Payables | $2.1B |
| Short-Term Debt | $949M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $207M |
| Other Non-Current Liabilities | $245M |
| TOTAL NON-CURRENT LIABILITIES | $4.7B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $3.7B |
| Treasury Stock | -$704M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $5.8B |
| Net Debt | $1.2B |
