| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.7B | $3.9B | 3.2% | 24.4% |
| Op. Income | $1.7B | $539M | $790M | 216.9% | 116.2% |
| Gross Margin | 37.7% | 39.1% | 48.5% | -1.4pp | -10.8pp |
| Net Margin | 26.4% | 9.3% | 15.3% | 17.2pp | 11.2pp |
| EPS (Diluted) | $3.14 | $1.03 | $1.35 | 204.9% | 132.6% |
| Free Cash Flow | $2.2B | $2.3B | $1.9B | -3.0% | 19.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $125M |
| General & Administrative | $496M |
| SG&A Expenses | $621M |
| Other Expenses | -$484M |
| Operating Expenses | $137M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.7B |
| Interest Income | $5.6B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $415M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $119M |
| EBIT | $1.7B |
| EBITDA | $1.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $125M |
| General & Administrative | $496M |
| SG&A Expenses | $621M |
| Other Expenses | -$484M |
| Operating Expenses | $137M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.7B |
| Interest Income | $5.6B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $415M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $119M |
| EBIT | $1.7B |
| EBITDA | $1.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $27M |
| Other Non-Cash Items | $970M |
| Change in Working Capital | -$161M |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$1.4B |
| Purchases of Investments | -$163M |
| Sales/Maturities of Investments | $982M |
| Other Investing Activities | $1.4B |
| NET CASH FROM INVESTING | $798M |
| Net Debt Issuance | $147M |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$102M |
| Other Financing Activities | $2.4B |
| NET CASH FROM FINANCING | $2.6B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | $5.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20.0B |
| Short-Term Investments | $3.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23.0B |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $800M |
| Long-Term Investments | $101.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.5B |
| TOTAL NON-CURRENT ASSETS | $98.1B |
| TOTAL ASSETS | $121.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $83.6B |
| TOTAL CURRENT LIABILITIES | $83.6B |
| Long-Term Debt | $16.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.2B |
| TOTAL NON-CURRENT LIABILITIES | $22.3B |
| TOTAL LIABILITIES | $105.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $9.8B |
| Retained Earnings | $19.8B |
| Treasury Stock | -$15.4B |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.3B |
| TOTAL LIABILITIES & EQUITY | $121.2B |
| Total Debt | $16.1B |
| Net Debt | -$3.9B |
