| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $589M | $542M | $522M | 8.6% | 12.9% |
| Op. Income | $154M | $137M | $179M | 12.4% | -14.2% |
| Gross Margin | 68.4% | 68.4% | 80.4% | -0.0pp | -12.0pp |
| Net Margin | 19.5% | 19.7% | 26.8% | -0.2pp | -7.3pp |
| EPS (Diluted) | $1.50 | $1.39 | $1.83 | 7.9% | -18.0% |
| Free Cash Flow | $272M | -$287M | $52M | 194.9% | 426.0% |
| Item | Amount |
|---|---|
| REVENUE | $589M |
| Cost of Revenue | $186M |
| GROSS PROFIT | $403M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $168M |
| SG&A Expenses | $170M |
| Other Expenses | $79M |
| Operating Expenses | $249M |
| Cost & Expenses | $435M |
| OPERATING INCOME | $154M |
| Interest Income | $517M |
| Interest Expense | $173M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $14M |
| EBIT | $154M |
| EBITDA | $168M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $589M |
| Cost of Revenue | $186M |
| GROSS PROFIT | $403M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $168M |
| SG&A Expenses | $170M |
| Other Expenses | $79M |
| Operating Expenses | $249M |
| Cost & Expenses | $435M |
| OPERATING INCOME | $154M |
| Interest Income | $517M |
| Interest Expense | $173M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $14M |
| EBIT | $154M |
| EBITDA | $168M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $115M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $705.0K |
| Change in Working Capital | $140M |
| OPERATING CASH FLOW | $278M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $228M |
| Other Investing Activities | -$274M |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$41M |
| Other Financing Activities | $196M |
| NET CASH FROM FINANCING | $39M |
| FREE CASH FLOW | $272M |
| Net Change in Cash | $211M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $716M |
| Short-Term Investments | $4.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $513M |
| Goodwill | $1.9B |
| Intangible Assets | $171M |
| Long-Term Investments | $35.1B |
| Tax Assets | $171M |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $39.8B |
| TOTAL ASSETS | $45.1B |
| Account Payables | $0 |
| Short-Term Debt | $555M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37.2B |
| TOTAL CURRENT LIABILITIES | $37.7B |
| Long-Term Debt | $392M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $39.6B |
| Common Stock | $190M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$623M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $45.1B |
| Total Debt | $947M |
| Net Debt | $230M |
