| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.8B | $3.7B | -4.5% | -1.8% |
| Op. Income | $204M | -$455M | $400M | 144.9% | -49.0% |
| Gross Margin | 41.1% | 41.6% | 41.4% | -0.6pp | -0.3pp |
| Net Margin | 3.1% | -20.0% | 6.0% | 23.1pp | -2.9pp |
| EPS (Diluted) | $0.09 | $-0.64 | $0.19 | 114.7% | -50.4% |
| Free Cash Flow | $564M | $279M | $889M | 102.4% | -36.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $200M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $83M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $204M |
| Interest Income | $0 |
| Interest Expense | $138M |
| Other Income/Expenses | $700.0K |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $691M |
| EBIT | $343M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $200M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $83M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $204M |
| Interest Income | $0 |
| Interest Expense | $138M |
| Other Income/Expenses | $700.0K |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $691M |
| EBIT | $343M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $691M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | -$52M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$187M |
| OPERATING CASH FLOW | $615M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | -$350M |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $247M |
| NET CASH FROM INVESTING | -$154M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$143M |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$426M |
| FREE CASH FLOW | $564M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $164M |
| Net Receivables | $3.9B |
| Inventory | $3.8B |
| Other Current Assets | $3.8B |
| TOTAL CURRENT ASSETS | $12.9B |
| PP&E (Net) | $3.0B |
| Goodwill | $9.7B |
| Intangible Assets | $19.1B |
| Long-Term Investments | $1.2B |
| Tax Assets | $653M |
| Other Non-Current Assets | $801M |
| TOTAL NON-CURRENT ASSETS | $34.4B |
| TOTAL ASSETS | $47.3B |
| Account Payables | $1.6B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $7.8B |
| Long-Term Debt | $16.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $19.6B |
| TOTAL LIABILITIES | $27.3B |
| Common Stock | $12M |
| Additional Paid-In Capital | $18.8B |
| Retained Earnings | $4.6B |
| Treasury Stock | -$504M |
| Accum. Other Comp. Income | -$2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $20.0B |
| TOTAL LIABILITIES & EQUITY | $47.3B |
| Total Debt | $18.2B |
| Net Debt | $17.2B |
