| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.4B | $4.1B | 0.8% | -16.9% |
| Op. Income | $812M | $819M | $1.4B | -0.9% | -39.9% |
| Gross Margin | 38.0% | 37.9% | 44.3% | 0.1pp | -6.3pp |
| Net Margin | 21.4% | 33.1% | 27.3% | -11.6pp | -5.8pp |
| EPS (Diluted) | $1.26 | $1.92 | $1.92 | -34.4% | -34.4% |
| Free Cash Flow | $715M | $669M | $804M | 6.9% | -11.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $168M |
| General & Administrative | $249M |
| SG&A Expenses | $417M |
| Other Expenses | $80M |
| Operating Expenses | $497M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $812M |
| Interest Income | $47M |
| Interest Expense | $21M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $835M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $750M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $737M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $737M |
| D&A | $175M |
| EBIT | $856M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $168M |
| General & Administrative | $249M |
| SG&A Expenses | $417M |
| Other Expenses | $80M |
| Operating Expenses | $497M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $812M |
| Interest Income | $47M |
| Interest Expense | $21M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $835M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $750M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $737M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $737M |
| D&A | $175M |
| EBIT | $856M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $737M |
| Depreciation & Amortization | $175M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$29M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $887M |
| Capital Expenditure | -$172M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | -$761M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$925M |
| Net Debt Issuance | $59M |
| Common Stock Repurchased | -$311M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$251M |
| FREE CASH FLOW | $715M |
| Net Change in Cash | -$294M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $2.2B |
| Net Receivables | $2.9B |
| Inventory | $3.9B |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $10.3B |
| PP&E (Net) | $6.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.7B |
| Tax Assets | $774M |
| Other Non-Current Assets | $177M |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $21.5B |
| Account Payables | $1.0B |
| Short-Term Debt | $608M |
| Deferred Revenue | $239M |
| Other Current Liabilities | $532M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $28M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $488M |
| Other Non-Current Liabilities | $386M |
| TOTAL NON-CURRENT LIABILITIES | $999M |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $610M |
| Retained Earnings | $17.5B |
| Treasury Stock | -$525M |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.4B |
| Minority Interest | $202M |
| TOTAL EQUITY | $17.6B |
| TOTAL LIABILITIES & EQUITY | $21.5B |
| Total Debt | $776M |
| Net Debt | -$548M |
