| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.6B | $8.6B | $7.9B | 0.3% | 8.8% |
| Op. Income | $6.0B | $5.5B | $5.1B | 7.3% | 17.0% |
| Gross Margin | 80.8% | 80.3% | 80.9% | 0.5pp | -0.1pp |
| Net Margin | 56.6% | 54.4% | 52.7% | 2.3pp | 4.0pp |
| EPS (Diluted) | $2.39 | $2.27 | $1.99 | 5.3% | 20.1% |
| Free Cash Flow | $3.3B | $6.6B | $3.9B | -49.5% | -14.7% |
| Item | Amount |
|---|---|
| REVENUE | $8.6B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $7.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $293M |
| General & Administrative | $471M |
| SG&A Expenses | $764M |
| Other Expenses | $256M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $6.0B |
| Interest Income | $0 |
| Interest Expense | $187M |
| Other Income/Expenses | $88M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $4.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.9B |
| D&A | $247M |
| EBIT | $6.2B |
| EBITDA | $6.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.6B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $7.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $293M |
| General & Administrative | $471M |
| SG&A Expenses | $764M |
| Other Expenses | $256M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $6.0B |
| Interest Income | $0 |
| Interest Expense | $187M |
| Other Income/Expenses | $88M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $4.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.9B |
| D&A | $247M |
| EBIT | $6.2B |
| EBITDA | $6.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.9B |
| Depreciation & Amortization | $247M |
| Stock-Based Compensation | $209M |
| Deferred Income Tax | $59M |
| Other Non-Cash Items | $3.3B |
| Change in Working Capital | -$5.1B |
| OPERATING CASH FLOW | $3.6B |
| Capital Expenditure | -$267M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.6B |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | $261M |
| NET CASH FROM FINANCING | -$4.4B |
| FREE CASH FLOW | $3.3B |
| Net Change in Cash | -$2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.6B |
| Short-Term Investments | $5.0B |
| Net Receivables | $5.0B |
| Inventory | $0 |
| Other Current Assets | $9.1B |
| TOTAL CURRENT ASSETS | $32.7B |
| PP&E (Net) | $3.5B |
| Goodwill | $18.1B |
| Intangible Assets | $26.7B |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $58.7B |
| TOTAL ASSETS | $91.4B |
| Account Payables | $348M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.5B |
| TOTAL CURRENT LIABILITIES | $22.6B |
| Long-Term Debt | $20.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.3B |
| Other Non-Current Liabilities | $3.1B |
| TOTAL NON-CURRENT LIABILITIES | $29.0B |
| TOTAL LIABILITIES | $51.7B |
| Common Stock | $20.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $18.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$794M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $39.7B |
| TOTAL LIABILITIES & EQUITY | $91.4B |
| Total Debt | $20.7B |
| Net Debt | $7.1B |
