| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.4B | 0.9% | 6.8% |
| Op. Income | $145M | $150M | -$18M | -3.3% | 930.3% |
| Gross Margin | 20.0% | 20.6% | 9.5% | -0.7pp | 10.4pp |
| Net Margin | 7.5% | 7.1% | -0.8% | 0.4pp | 8.3pp |
| EPS (Diluted) | $3.18 | $2.98 | $-0.34 | 6.7% | 1035.3% |
| Free Cash Flow | $56M | $91M | $15M | -38.0% | 284.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $308M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $162M |
| Operating Expenses | $162M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $145M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $800.0K |
| EBIT | $154M |
| EBITDA | $155M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $308M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $162M |
| Operating Expenses | $162M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $145M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $800.0K |
| EBIT | $154M |
| EBITDA | $155M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $800.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$304M |
| Sales/Maturities of Investments | $232M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$31M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | -$52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $3.0B |
| Net Receivables | $3.7B |
| Inventory | $0 |
| Other Current Assets | -$7.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $179M |
| Intangible Assets | $0 |
| Long-Term Investments | $8.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$8.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $14.6B |
| Account Payables | $62M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$741M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $783M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$783M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.1B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $3.0B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$549M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $783M |
| Net Debt | $519M |
