| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $6.2B | $6.1B | -2.1% | -0.4% |
| Op. Income | $2.4B | $2.4B | $2.3B | -1.5% | 3.4% |
| Gross Margin | 45.1% | 44.9% | 43.8% | 0.2pp | 1.3pp |
| Net Margin | 27.2% | 26.8% | 26.9% | 0.4pp | 0.3pp |
| EPS (Diluted) | $2.69 | $2.71 | $2.67 | -0.7% | 0.7% |
| Free Cash Flow | $1.3B | $1.4B | $1.1B | -3.4% | 24.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $370M |
| General & Administrative | -$15M |
| SG&A Expenses | $355M |
| Other Expenses | $0 |
| Operating Expenses | $355M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $324M |
| Other Income/Expenses | -$232M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $499M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $600M |
| EBIT | $2.5B |
| EBITDA | $3.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $370M |
| General & Administrative | -$15M |
| SG&A Expenses | $355M |
| Other Expenses | $0 |
| Operating Expenses | $355M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $324M |
| Other Income/Expenses | -$232M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $499M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $600M |
| EBIT | $2.5B |
| EBITDA | $3.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $594M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | -$80M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$797M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$802M |
| Net Debt Issuance | -$662M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$795M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $925M |
| Short-Term Investments | $20M |
| Net Receivables | $2.2B |
| Inventory | $770M |
| Other Current Assets | $317M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $58.2B |
| Goodwill | $0 |
| Intangible Assets | $806M |
| Long-Term Investments | $2.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $63.1B |
| TOTAL ASSETS | $67.3B |
| Account Payables | $814M |
| Short-Term Debt | $733M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $996M |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $31.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13.1B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $47.1B |
| TOTAL LIABILITIES | $51.6B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $5.2B |
| Retained Earnings | $62.9B |
| Treasury Stock | -$54.7B |
| Accum. Other Comp. Income | -$610M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.7B |
| TOTAL LIABILITIES & EQUITY | $67.3B |
| Total Debt | $33.3B |
| Net Debt | $32.3B |
