Reported April 18, 2024
| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.1B | -1.4% | 3.7% |
| Op. Income | $636M | $549M | $661M | 15.8% | -3.7% |
| Gross Margin | 69.1% | 66.6% | 70.2% | 2.5pp | -1.1pp |
| Net Margin | 16.2% | 13.0% | 17.8% | 3.2pp | -1.6pp |
| EPS (Diluted) | $0.35 | $0.30 | $0.37 | 19.6% | -5.8% |
| Free Cash Flow | $599M | $401M | $159M | 49.5% | 275.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $668M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $46M |
| General & Administrative | $301M |
| SG&A Expenses | $347M |
| Other Expenses | $512M |
| Operating Expenses | $859M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $636M |
| Interest Income | $19M |
| Interest Expense | $69M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $586M |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $452M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $350M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $350M |
| D&A | $467M |
| EBIT | $656M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $668M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $46M |
| General & Administrative | $301M |
| SG&A Expenses | $347M |
| Other Expenses | $512M |
| Operating Expenses | $859M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $636M |
| Interest Income | $19M |
| Interest Expense | $69M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $586M |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $452M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $350M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $350M |
| D&A | $467M |
| EBIT | $656M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $350M |
| Depreciation & Amortization | $467M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $98M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $915M |
| Capital Expenditure | -$316M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$34M |
| NET CASH FROM INVESTING | -$350M |
| Net Debt Issuance | -$541M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$546M |
| FREE CASH FLOW | $599M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $72M |
| Net Receivables | $848M |
| Inventory | $62M |
| Other Current Assets | $267M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $11.7B |
| Goodwill | $62M |
| Intangible Assets | $939M |
| Long-Term Investments | $451M |
| Tax Assets | $202M |
| Other Non-Current Assets | -$117M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $16.6B |
| Account Payables | $956M |
| Short-Term Debt | $880M |
| Deferred Revenue | $593M |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $135M |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $765M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $286M |
| Additional Paid-In Capital | $157M |
| Retained Earnings | $7.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $564M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $1.3B |
| TOTAL EQUITY | $9.5B |
| TOTAL LIABILITIES & EQUITY | $16.6B |
| Total Debt | $3.5B |
| Net Debt | $1.8B |