| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.4B | $6.3B | $6.4B | 2.4% | 1.4% |
| Op. Income | $1.8B | $1.2B | $2.1B | 50.6% | -14.8% |
| Gross Margin | 73.6% | 70.8% | 80.4% | 2.7pp | -6.8pp |
| Net Margin | 21.1% | 16.6% | 25.2% | 4.5pp | -4.1pp |
| EPS (Diluted) | $0.68 | $0.51 | $0.83 | 33.3% | -18.1% |
| Free Cash Flow | -$1.5B | $20.0B | $9.6B | -107.5% | -115.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $1.3B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.8B |
| Interest Income | $3.9B |
| Interest Expense | $1.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $436M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $358M |
| EBIT | $1.8B |
| EBITDA | $2.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $1.3B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.8B |
| Interest Income | $3.9B |
| Interest Expense | $1.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $436M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $358M |
| EBIT | $1.8B |
| EBITDA | $2.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $358M |
| Stock-Based Compensation | $131M |
| Deferred Income Tax | -$49M |
| Other Non-Cash Items | $321M |
| Change in Working Capital | -$3.5B |
| OPERATING CASH FLOW | -$1.3B |
| Capital Expenditure | -$149M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$523M |
| Sales/Maturities of Investments | $10.5B |
| Other Investing Activities | -$360M |
| NET CASH FROM INVESTING | $9.5B |
| Net Debt Issuance | -$3.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$562M |
| Other Financing Activities | -$20.6B |
| NET CASH FROM FINANCING | -$24.9B |
| FREE CASH FLOW | -$1.5B |
| Net Change in Cash | -$16.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31.8B |
| Short-Term Investments | $99.4B |
| Net Receivables | $71.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $202.3B |
| PP&E (Net) | $3.6B |
| Goodwill | $12.0B |
| Intangible Assets | $8.1B |
| Long-Term Investments | $190.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $52.4B |
| TOTAL NON-CURRENT ASSETS | $266.5B |
| TOTAL ASSETS | $468.8B |
| Account Payables | $84.0B |
| Short-Term Debt | $32.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $269.5B |
| TOTAL CURRENT LIABILITIES | $385.9B |
| Long-Term Debt | $22.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17.6B |
| TOTAL NON-CURRENT LIABILITIES | $40.5B |
| TOTAL LIABILITIES | $426.4B |
| Common Stock | $21M |
| Additional Paid-In Capital | $27.4B |
| Retained Earnings | $34.7B |
| Treasury Stock | -$11.3B |
| Accum. Other Comp. Income | -$17.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $42.4B |
| TOTAL LIABILITIES & EQUITY | $468.8B |
| Total Debt | $55.3B |
| Net Debt | $23.5B |
