| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $838M | $726M | $659M | 15.4% | 27.1% |
| Op. Income | $387M | $225M | $156M | 72.0% | 148.6% |
| Gross Margin | 65.6% | 58.9% | 47.4% | 6.7pp | 18.1pp |
| Net Margin | 34.6% | 23.2% | 18.0% | 11.4pp | 16.6pp |
| EPS (Diluted) | $1.27 | $0.72 | $0.47 | 76.4% | 170.2% |
| Free Cash Flow | -$78M | -$27M | $9M | -187.7% | -978.5% |
| Item | Amount |
|---|---|
| REVENUE | $838M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $549M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | $52M |
| Operating Expenses | $162M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $387M |
| Interest Income | $664M |
| Interest Expense | $277M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $387M |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $6M |
| EBIT | $387M |
| EBITDA | $393M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $838M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $549M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | $52M |
| Operating Expenses | $162M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $387M |
| Interest Income | $664M |
| Interest Expense | $277M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $387M |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $6M |
| EBIT | $387M |
| EBITDA | $393M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $290M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $98M |
| Other Non-Cash Items | -$124M |
| Change in Working Capital | -$361M |
| OPERATING CASH FLOW | -$78M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $280M |
| Other Investing Activities | $318M |
| NET CASH FROM INVESTING | $572M |
| Net Debt Issuance | -$253M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$756M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | -$78M |
| Net Change in Cash | -$569M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $442M |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $127M |
| Goodwill | $56M |
| Intangible Assets | $11M |
| Long-Term Investments | $22.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $272M |
| TOTAL NON-CURRENT ASSETS | $22.6B |
| TOTAL ASSETS | $28.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.9B |
| TOTAL CURRENT LIABILITIES | $20.9B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $283M |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $26.2B |
| Common Stock | $88M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | -$77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $28.3B |
| Total Debt | $5.0B |
| Net Debt | $1.4B |
