| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $756M | $789M | $776M | -4.2% | -2.7% |
| Op. Income | $142M | $146M | $134M | -2.9% | 6.2% |
| Gross Margin | 46.6% | 47.0% | 45.5% | -0.5pp | 1.1pp |
| Net Margin | 18.1% | 13.5% | 10.7% | 4.6pp | 7.4pp |
| EPS (Diluted) | $0.88 | $0.68 | $0.53 | 29.4% | 66.0% |
| Free Cash Flow | $71M | $148M | $67M | -51.9% | 5.9% |
| Item | Amount |
|---|---|
| REVENUE | $756M |
| Cost of Revenue | $404M |
| GROSS PROFIT | $352M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $165M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $614M |
| OPERATING INCOME | $142M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $31M |
| EBIT | $142M |
| EBITDA | $174M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $756M |
| Cost of Revenue | $404M |
| GROSS PROFIT | $352M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $165M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $614M |
| OPERATING INCOME | $142M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $31M |
| EBIT | $142M |
| EBITDA | $174M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | $92M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $70M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $900.0K |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | -$51M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $406M |
| Short-Term Investments | $0 |
| Net Receivables | $582M |
| Inventory | $295M |
| Other Current Assets | -$44M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $155M |
| Goodwill | $1.7B |
| Intangible Assets | $546M |
| Long-Term Investments | $335M |
| Tax Assets | $0 |
| Other Non-Current Assets | $176M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $385M |
| Short-Term Debt | $56M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $865M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $221M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $63M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$425M |
| Accum. Other Comp. Income | $83M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $985M |
| Minority Interest | $8M |
| TOTAL EQUITY | $993M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.3B |
| Net Debt | $1.9B |
