| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.4B | — | $8.7B | — | 8.1% |
| Op. Income | $920M | — | $939M | — | -2.0% |
| Gross Margin | 71.7% | — | 71.0% | — | 0.6pp |
| Net Margin | -10.3% | — | 5.5% | — | -15.8pp |
| EPS (Diluted) | $-0.82 | — | $0.48 | — | -270.7% |
| Free Cash Flow | $3.1B | — | $2.5B | — | 27.2% |
| Item | Amount |
|---|---|
| REVENUE | $9.4B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $2.7B |
| General & Administrative | $421M |
| SG&A Expenses | $3.1B |
| Other Expenses | $786M |
| Operating Expenses | $5.8B |
| Cost & Expenses | $8.5B |
| OPERATING INCOME | $920M |
| Interest Income | $233M |
| Interest Expense | $285M |
| Other Income/Expenses | -$2.1B |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | -$182M |
| Net Income from Continuing Ops | -$963M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$968M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$968M |
| D&A | $366M |
| EBIT | -$861M |
| EBITDA | -$495M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$963M |
| Depreciation & Amortization | $366M |
| Stock-Based Compensation | $804M |
| Deferred Income Tax | -$184M |
| Other Non-Cash Items | -$441M |
| Change in Working Capital | $3.8B |
| OPERATING CASH FLOW | $3.4B |
| Capital Expenditure | -$219M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | -$5.0B |
| Sales/Maturities of Investments | $3.9B |
| Other Investing Activities | $200M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$105M |
| Common Stock Repurchased | -$505M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$310M |
| NET CASH FROM FINANCING | -$920M |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.9B |
| Short-Term Investments | $5.0B |
| Net Receivables | $9.1B |
| Inventory | $0 |
| Other Current Assets | $2.8B |
| TOTAL CURRENT ASSETS | $27.8B |
| PP&E (Net) | $5.0B |
| Goodwill | $34.6B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $6.6B |
| Tax Assets | $3.7B |
| Other Non-Current Assets | $4.7B |
| TOTAL NON-CURRENT ASSETS | $57.4B |
| TOTAL ASSETS | $85.3B |
| Account Payables | $2.3B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $9.3B |
| Other Current Liabilities | $8.8B |
| TOTAL CURRENT LIABILITIES | $22.3B |
| Long-Term Debt | $9.3B |
| Deferred Revenue NC | $48M |
| Deferred Tax Liabilities | $320M |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $12.3B |
| TOTAL LIABILITIES | $34.6B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $48.7B |
| Treasury Stock | -$5.9B |
| Accum. Other Comp. Income | $3.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $50.4B |
| Minority Interest | $300M |
| TOTAL EQUITY | $50.7B |
| TOTAL LIABILITIES & EQUITY | $85.3B |
| Total Debt | $11.2B |
| Net Debt | $355M |
