| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $1.9B | -0.2% | 4.1% |
| Op. Income | $295M | $242M | $257M | 21.6% | 14.8% |
| Gross Margin | 41.2% | 38.4% | 38.5% | 2.7pp | 2.7pp |
| Net Margin | 10.0% | 7.5% | 8.7% | 2.5pp | 1.2pp |
| EPS (Diluted) | $1.56 | $1.18 | $1.32 | 32.2% | 18.2% |
| Free Cash Flow | $307M | $239M | -$34M | 28.2% | 996.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $829M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $523M |
| Other Expenses | $10M |
| Operating Expenses | $534M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $295M |
| Interest Income | $5M |
| Interest Expense | $32M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $44M |
| EBIT | $301M |
| EBITDA | $345M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $829M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $523M |
| Other Expenses | $10M |
| Operating Expenses | $534M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $295M |
| Interest Income | $5M |
| Interest Expense | $32M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $44M |
| EBIT | $301M |
| EBITDA | $345M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $101M |
| OPERATING CASH FLOW | $359M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | -$192M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | -$54M |
| Other Financing Activities | -$712.0K |
| NET CASH FROM FINANCING | -$274M |
| FREE CASH FLOW | $307M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $241M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $1.1B |
| Other Current Assets | $335M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $1.6B |
| Goodwill | $1.3B |
| Intangible Assets | $542M |
| Long-Term Investments | $0 |
| Tax Assets | $20M |
| Other Non-Current Assets | $171M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $684M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $170M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $99M |
| Other Non-Current Liabilities | $287M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $2.6B |
| Treasury Stock | -$812M |
| Accum. Other Comp. Income | -$593M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $2M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.8B |
| Net Debt | $2.5B |
