| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $4.1B | $4.4B | -10.2% | -16.4% |
| Op. Income | $1.3B | $1.5B | $1.9B | -16.1% | -33.5% |
| Gross Margin | 57.2% | 59.6% | 65.4% | -2.4pp | -8.2pp |
| Net Margin | 30.2% | 33.6% | 39.0% | -3.4pp | -8.8pp |
| EPS (Diluted) | $1.20 | $1.49 | $1.85 | -19.5% | -35.1% |
| Free Cash Flow | -$231M | $776M | $178M | -129.8% | -229.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $478M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $455M |
| Other Expenses | -$124M |
| Operating Expenses | $809M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $362M |
| EBIT | $1.4B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $478M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $455M |
| Other Expenses | -$124M |
| Operating Expenses | $809M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $362M |
| EBIT | $1.4B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $362M |
| Stock-Based Compensation | $106M |
| Deferred Income Tax | -$71M |
| Other Non-Cash Items | -$124M |
| Change in Working Capital | -$356M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $192M |
| Purchases of Investments | -$4.9B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | -$3.3B |
| Net Debt Issuance | $3.0B |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$28M |
| NET CASH FROM FINANCING | $1.8B |
| FREE CASH FLOW | -$231M |
| Net Change in Cash | -$481M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $7.9B |
| Net Receivables | $2.7B |
| Inventory | $4.1B |
| Other Current Assets | $302M |
| TOTAL CURRENT ASSETS | $17.4B |
| PP&E (Net) | $10.4B |
| Goodwill | $4.4B |
| Intangible Assets | $231M |
| Long-Term Investments | $0 |
| Tax Assets | $821M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $17.4B |
| TOTAL ASSETS | $34.9B |
| Account Payables | $551M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $399M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $14.3B |
| TOTAL LIABILITIES | $17.9B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $52.2B |
| Treasury Stock | -$40.2B |
| Accum. Other Comp. Income | -$203M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.0B |
| TOTAL LIABILITIES & EQUITY | $34.9B |
| Total Debt | $14.2B |
| Net Debt | $11.7B |
