| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $2.2B | $3.0B | 96.3% | 39.4% |
| Op. Income | $428M | -$262M | $280M | 263.0% | 52.6% |
| Gross Margin | 16.1% | 1.5% | 15.9% | 14.6pp | 0.2pp |
| Net Margin | 9.9% | -8.2% | 7.2% | 18.1pp | 2.7pp |
| EPS (Diluted) | $1.36 | $-0.42 | $0.37 | 422.2% | 262.5% |
| Free Cash Flow | $731M | $1.8B | $1.2B | -59.1% | -37.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $684M |
| R&D Expenses | $0 |
| Selling & Marketing | $256M |
| General & Administrative | $0 |
| SG&A Expenses | $256M |
| Other Expenses | $0 |
| Operating Expenses | $256M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $428M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $469M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $421M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $421M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $421M |
| D&A | $366M |
| EBIT | $428M |
| EBITDA | $794M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $684M |
| R&D Expenses | $0 |
| Selling & Marketing | $256M |
| General & Administrative | $0 |
| SG&A Expenses | $256M |
| Other Expenses | $0 |
| Operating Expenses | $256M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $428M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $469M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $421M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $421M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $421M |
| D&A | $366M |
| EBIT | $428M |
| EBITDA | $794M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $421M |
| Depreciation & Amortization | $366M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $48M |
| Other Non-Cash Items | -$47M |
| Change in Working Capital | $527M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$586M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$337M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$923M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | -$291M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$307M |
| FREE CASH FLOW | $731M |
| Net Change in Cash | $93M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $2.2B |
| Net Receivables | $104M |
| Inventory | $6M |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $7.0B |
| PP&E (Net) | $12.1B |
| Goodwill | $0 |
| Intangible Assets | $171M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $270M |
| TOTAL NON-CURRENT ASSETS | $12.5B |
| TOTAL ASSETS | $19.5B |
| Account Payables | $980M |
| Short-Term Debt | $959M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $600M |
| TOTAL CURRENT LIABILITIES | $8.4B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $459M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $12.3B |
| Common Stock | $8M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $5.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$96M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $19.5B |
| Total Debt | $4.5B |
| Net Debt | $1.1B |
