| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.3B | -1.4% | -9.6% |
| Op. Income | $258M | $254M | $367M | 1.7% | -29.6% |
| Gross Margin | 42.2% | 39.2% | 48.0% | 2.9pp | -5.8pp |
| Net Margin | 19.3% | 20.1% | 23.3% | -0.8pp | -4.0pp |
| EPS (Diluted) | $1.44 | $1.53 | $1.93 | -5.9% | -25.4% |
| Free Cash Flow | $745M | $289M | $702M | 158.3% | 6.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $695M |
| GROSS PROFIT | $507M |
| R&D Expenses | $153M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $16M |
| Operating Expenses | $248M |
| Cost & Expenses | $943M |
| OPERATING INCOME | $258M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $231M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $231M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $231M |
| D&A | $113M |
| EBIT | $262M |
| EBITDA | $375M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $695M |
| GROSS PROFIT | $507M |
| R&D Expenses | $153M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $16M |
| Operating Expenses | $248M |
| Cost & Expenses | $943M |
| OPERATING INCOME | $258M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $231M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $231M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $231M |
| D&A | $113M |
| EBIT | $262M |
| EBITDA | $375M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $231M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $367M |
| OPERATING CASH FLOW | $775M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$300M |
| Common Stock Repurchased | -$33M |
| Common Dividends Paid | -$109M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$441M |
| FREE CASH FLOW | $745M |
| Net Change in Cash | $311M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $16M |
| Net Receivables | $659M |
| Inventory | $927M |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $1.5B |
| Goodwill | $2.2B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $2M |
| Tax Assets | $194M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $136M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $144M |
| TOTAL CURRENT LIABILITIES | $615M |
| Long-Term Debt | $993M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $202M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $40M |
| Additional Paid-In Capital | $194M |
| Retained Earnings | $6.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $1.2B |
| Net Debt | $182M |
