| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | $2.1B | -5.5% | 0.8% |
| Op. Income | $409M | $491M | $412M | -16.7% | -0.7% |
| Gross Margin | 47.9% | 49.6% | 48.0% | -1.7pp | -0.2pp |
| Net Margin | 9.2% | 15.4% | 10.9% | -6.2pp | -1.7pp |
| EPS (Diluted) | $0.51 | $0.45 | $0.59 | 13.3% | -13.6% |
| Free Cash Flow | $90M | $441M | $145M | -79.6% | -37.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $86M |
| Selling & Marketing | $229M |
| General & Administrative | $115M |
| SG&A Expenses | $344M |
| Other Expenses | $196M |
| Operating Expenses | $626M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $409M |
| Interest Income | $0 |
| Interest Expense | $104M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $309M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $241M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $166M |
| EBIT | $438M |
| EBITDA | $604M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $86M |
| Selling & Marketing | $229M |
| General & Administrative | $115M |
| SG&A Expenses | $344M |
| Other Expenses | $196M |
| Operating Expenses | $626M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $409M |
| Interest Income | $0 |
| Interest Expense | $104M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $309M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $241M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $166M |
| EBIT | $438M |
| EBITDA | $604M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $199M |
| Depreciation & Amortization | $166M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $105M |
| Change in Working Capital | -$189M |
| OPERATING CASH FLOW | $264M |
| Capital Expenditure | -$174M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$180M |
| NET CASH FROM INVESTING | -$354M |
| Net Debt Issuance | $27M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$102M |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | -$235M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $614M |
| Inventory | $0 |
| Other Current Assets | $393M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $2.1B |
| Goodwill | $3.2B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $1.5B |
| Tax Assets | $155M |
| Other Non-Current Assets | $235M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $11.2B |
| Account Payables | $1.2B |
| Short-Term Debt | $505M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $133M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $8.7B |
| Deferred Revenue NC | $84M |
| Deferred Tax Liabilities | $488M |
| Other Non-Current Liabilities | $858M |
| TOTAL NON-CURRENT LIABILITIES | $10.5B |
| TOTAL LIABILITIES | $13.5B |
| Common Stock | $4M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.4B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $9.6B |
| Net Debt | $9.5B |
