| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $3.0B | 1.8% | 5.2% |
| Op. Income | $496M | $429M | $451M | 15.6% | 9.8% |
| Gross Margin | 35.3% | 33.5% | 34.2% | 1.8pp | 1.1pp |
| Net Margin | 12.4% | 10.6% | 11.9% | 1.8pp | 0.6pp |
| EPS (Diluted) | $2.04 | $1.69 | $1.80 | 20.7% | 13.3% |
| Free Cash Flow | $270M | $298M | $122M | -9.3% | 122.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $306M |
| SG&A Expenses | $306M |
| Other Expenses | $321M |
| Operating Expenses | $627M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $496M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $496M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $395M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $395M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $395M |
| D&A | $30M |
| EBIT | $545M |
| EBITDA | $575M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $306M |
| SG&A Expenses | $306M |
| Other Expenses | $321M |
| Operating Expenses | $627M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $496M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $496M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $395M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $395M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $395M |
| D&A | $30M |
| EBIT | $545M |
| EBITDA | $575M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $395M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $67M |
| Change in Working Capital | -$194M |
| OPERATING CASH FLOW | $298M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$635M |
| Sales/Maturities of Investments | $661M |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$122M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$183M |
| FREE CASH FLOW | $270M |
| Net Change in Cash | $133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $279M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $484M |
| Goodwill | $350M |
| Intangible Assets | $0 |
| Long-Term Investments | $45.3B |
| Tax Assets | $519M |
| Other Non-Current Assets | $13.9B |
| TOTAL NON-CURRENT ASSETS | $60.6B |
| TOTAL ASSETS | $62.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $470M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $470M |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $48.3B |
| TOTAL NON-CURRENT LIABILITIES | $51.8B |
| TOTAL LIABILITIES | $52.3B |
| Common Stock | $20M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $11.8B |
| Treasury Stock | -$162M |
| Accum. Other Comp. Income | -$2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.2B |
| TOTAL LIABILITIES & EQUITY | $62.5B |
| Total Debt | $3.4B |
| Net Debt | $3.2B |
