| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.3B | $5.4B | 2.2% | -1.4% |
| Op. Income | $726M | $675M | $713M | 7.6% | 1.8% |
| Gross Margin | 47.2% | 48.5% | 44.5% | -1.4pp | 2.7pp |
| Net Margin | 9.4% | 6.8% | 8.8% | 2.6pp | 0.6pp |
| EPS (Diluted) | $1.97 | $1.39 | $1.84 | 41.7% | 7.1% |
| Free Cash Flow | -$343M | $599M | -$122M | -157.2% | -181.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $4M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $726M |
| Interest Income | $6M |
| Interest Expense | $106M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $640M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $505M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $505M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $505M |
| D&A | $153M |
| EBIT | $743M |
| EBITDA | $896M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $4M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $726M |
| Interest Income | $6M |
| Interest Expense | $106M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $640M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $505M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $505M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $505M |
| D&A | $153M |
| EBIT | $743M |
| EBITDA | $896M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $505M |
| Depreciation & Amortization | $153M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $74M |
| Change in Working Capital | -$800M |
| OPERATING CASH FLOW | -$59M |
| Capital Expenditure | -$284M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$38M |
| NET CASH FROM INVESTING | -$321M |
| Net Debt Issuance | $960M |
| Common Stock Repurchased | -$546M |
| Common Dividends Paid | -$183M |
| Other Financing Activities | $58M |
| NET CASH FROM FINANCING | $290M |
| FREE CASH FLOW | -$343M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $180M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $2.4B |
| Other Current Assets | $475M |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $4.9B |
| Goodwill | $7.6B |
| Intangible Assets | $3.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $17.6B |
| TOTAL ASSETS | $23.4B |
| Account Payables | $2.5B |
| Short-Term Debt | $2.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.5B |
| Long-Term Debt | $8.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $666M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $19.9B |
| Common Stock | $92M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $5.6B |
| Treasury Stock | -$5.8B |
| Accum. Other Comp. Income | -$705M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $23.4B |
| Total Debt | $12.7B |
| Net Debt | $12.5B |
