| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $989M | $1.0B | $1.0B | -1.8% | -3.4% |
| Op. Income | $286M | $250M | $202M | 14.3% | 41.9% |
| Gross Margin | 40.9% | 38.3% | 33.1% | 2.6pp | 7.9pp |
| Net Margin | 21.0% | 18.9% | 16.4% | 2.1pp | 4.6pp |
| EPS (Diluted) | $0.13 | $0.12 | $0.11 | 9.5% | 27.8% |
| Free Cash Flow | $392M | $265M | $271M | 48.2% | 45.0% |
| Item | Amount |
|---|---|
| REVENUE | $989M |
| Cost of Revenue | $584M |
| GROSS PROFIT | $405M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $139M |
| SG&A Expenses | $166M |
| Other Expenses | -$47M |
| Operating Expenses | $119M |
| Cost & Expenses | $703M |
| OPERATING INCOME | $286M |
| Interest Income | $41M |
| Interest Expense | $4M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $208M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $208M |
| D&A | $26M |
| EBIT | $246M |
| EBITDA | $272M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $989M |
| Cost of Revenue | $584M |
| GROSS PROFIT | $405M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $139M |
| SG&A Expenses | $166M |
| Other Expenses | -$47M |
| Operating Expenses | $119M |
| Cost & Expenses | $703M |
| OPERATING INCOME | $286M |
| Interest Income | $41M |
| Interest Expense | $4M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $208M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $208M |
| D&A | $26M |
| EBIT | $246M |
| EBITDA | $272M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $208M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $156M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $392M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$803M |
| NET CASH FROM INVESTING | -$803M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$76M |
| NET CASH FROM FINANCING | -$76M |
| FREE CASH FLOW | $392M |
| Net Change in Cash | -$489M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $2.4B |
| Net Receivables | $410M |
| Inventory | $2M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $123M |
| Goodwill | $2.9B |
| Intangible Assets | $649M |
| Long-Term Investments | $3.1B |
| Tax Assets | $53M |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $11.6B |
| Account Payables | $803M |
| Short-Term Debt | $0 |
| Deferred Revenue | $437M |
| Other Current Liabilities | $527M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $825M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $911M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $292.2K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | $2.7B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $1.7B |
| Other Equity | -$48M |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $210M |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $11.6B |
| Total Debt | $877M |
| Net Debt | -$616M |
