| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $678M | $615M | $507M | 10.2% | 33.7% |
| Op. Income | $356M | $260M | $284M | 37.0% | 25.3% |
| Gross Margin | 89.2% | 88.4% | 89.7% | 0.8pp | -0.4pp |
| Net Margin | 45.2% | 35.3% | 47.5% | 9.9pp | -2.3pp |
| EPS (Diluted) | $6.17 | $4.36 | $4.86 | 41.5% | 27.0% |
| Free Cash Flow | $338M | $72M | $334M | 369.9% | 1.4% |
| Item | Amount |
|---|---|
| REVENUE | $678M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $605M |
| R&D Expenses | $104M |
| Selling & Marketing | $23M |
| General & Administrative | $121M |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $249M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $356M |
| Interest Income | $54M |
| Interest Expense | $13M |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $307M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $307M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $307M |
| D&A | $15M |
| EBIT | $412M |
| EBITDA | $427M |
| EPS | $7 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $678M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $605M |
| R&D Expenses | $104M |
| Selling & Marketing | $23M |
| General & Administrative | $121M |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $249M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $356M |
| Interest Income | $54M |
| Interest Expense | $13M |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $307M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $307M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $307M |
| D&A | $15M |
| EBIT | $412M |
| EBITDA | $427M |
| EPS | $7 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $307M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $377M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$529M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $735M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $32M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $338M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $1.5B |
| Net Receivables | $307M |
| Inventory | $120M |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $115M |
| Long-Term Investments | $1.5B |
| Tax Assets | $396M |
| Other Non-Current Assets | $169M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $305M |
| Short-Term Debt | $400M |
| Deferred Revenue | -$305M |
| Other Current Liabilities | $431M |
| TOTAL CURRENT LIABILITIES | $861M |
| Long-Term Debt | $200M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $297M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $6.3B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $600M |
| Net Debt | -$652M |
