| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.3B | $10.9B | $10.7B | -5.0% | -3.4% |
| Op. Income | $1.7B | $2.0B | $1.7B | -13.6% | 0.9% |
| Gross Margin | 40.8% | 36.3% | 39.1% | 4.5pp | 1.7pp |
| Net Margin | 12.8% | 15.0% | 12.0% | -2.1pp | 0.8pp |
| EPS (Diluted) | $3.46 | $4.20 | $3.32 | -17.6% | 4.2% |
| Free Cash Flow | $904M | $3.3B | $271M | -72.8% | 233.6% |
| Item | Amount |
|---|---|
| REVENUE | $10.3B |
| Cost of Revenue | $6.1B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $331M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $8.6B |
| OPERATING INCOME | $1.7B |
| Interest Income | $279M |
| Interest Expense | $363M |
| Other Income/Expenses | -$108M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $281M |
| 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 | $836M |
| EBIT | $2.0B |
| EBITDA | $2.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $10.3B |
| Cost of Revenue | $6.1B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $331M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $8.6B |
| OPERATING INCOME | $1.7B |
| Interest Income | $279M |
| Interest Expense | $363M |
| Other Income/Expenses | -$108M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $281M |
| 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 | $836M |
| EBIT | $2.0B |
| EBITDA | $2.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $836M |
| Stock-Based Compensation | $70M |
| Deferred Income Tax | -$253M |
| Other Non-Cash Items | $58M |
| Change in Working Capital | -$787M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$347M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$3.0B |
| Common Dividends Paid | -$135M |
| Other Financing Activities | $109M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $904M |
| Net Change in Cash | -$2.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.5B |
| Short-Term Investments | $1.8B |
| Net Receivables | $9.4B |
| Inventory | $5.1B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $23.6B |
| PP&E (Net) | $9.3B |
| Goodwill | $43.8B |
| Intangible Assets | $16.0B |
| Long-Term Investments | $233M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $73.5B |
| TOTAL ASSETS | $97.1B |
| Account Payables | $2.6B |
| Short-Term Debt | $4.5B |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $13.9B |
| Long-Term Debt | $31.2B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $3.1B |
| TOTAL NON-CURRENT LIABILITIES | $37.5B |
| TOTAL LIABILITIES | $51.5B |
| Common Stock | $443M |
| Additional Paid-In Capital | $17.5B |
| Retained Earnings | $48.5B |
| Treasury Stock | -$18.2B |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $45.5B |
| Minority Interest | $107M |
| TOTAL EQUITY | $45.6B |
| TOTAL LIABILITIES & EQUITY | $97.1B |
| Total Debt | $35.6B |
| Net Debt | $30.1B |
