| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $887M | $871M | $770M | 1.8% | 15.2% |
| Op. Income | $129M | $89M | $204M | 45.5% | -36.5% |
| Gross Margin | 45.8% | 49.3% | 61.8% | -3.5pp | -16.0pp |
| Net Margin | 10.9% | 8.2% | 19.0% | 2.6pp | -8.2pp |
| EPS (Diluted) | $0.18 | $0.13 | $0.28 | 38.5% | -35.7% |
| Free Cash Flow | $100M | -$279M | -$270M | 135.7% | 136.9% |
| Item | Amount |
|---|---|
| REVENUE | $887M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $406M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $152M |
| SG&A Expenses | $152M |
| Other Expenses | $125M |
| Operating Expenses | $277M |
| Cost & Expenses | $757M |
| OPERATING INCOME | $129M |
| Interest Income | $829M |
| Interest Expense | $435M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $20M |
| EBIT | $129M |
| EBITDA | $150M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $887M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $406M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $152M |
| SG&A Expenses | $152M |
| Other Expenses | $125M |
| Operating Expenses | $277M |
| Cost & Expenses | $757M |
| OPERATING INCOME | $129M |
| Interest Income | $829M |
| Interest Expense | $435M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $20M |
| EBIT | $129M |
| EBITDA | $150M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $98M |
| Purchases of Investments | -$225M |
| Sales/Maturities of Investments | $87M |
| Other Investing Activities | $132M |
| NET CASH FROM INVESTING | $92M |
| Net Debt Issuance | $92M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$58M |
| Other Financing Activities | -$165M |
| NET CASH FROM FINANCING | -$142M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $941M |
| Short-Term Investments | $23M |
| Net Receivables | $254M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $707M |
| Goodwill | $1.9B |
| Intangible Assets | $151M |
| Long-Term Investments | $54.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $59.8B |
| TOTAL ASSETS | $61.0B |
| Account Payables | $0 |
| Short-Term Debt | $75M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $49.1B |
| TOTAL CURRENT LIABILITIES | $49.2B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $54.3B |
| Common Stock | $179M |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$157M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $61.0B |
| Total Debt | $3.8B |
| Net Debt | $2.9B |
