| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $637M | $819M | $685M | -22.3% | -7.0% |
| Op. Income | $134M | $264M | $174M | -49.3% | -23.2% |
| Gross Margin | 58.9% | 61.2% | 58.5% | -2.3pp | 0.4pp |
| Net Margin | 16.0% | 26.4% | 20.6% | -10.3pp | -4.5pp |
| EPS (Diluted) | $1.72 | $3.65 | $2.38 | -52.9% | -27.7% |
| Free Cash Flow | $234M | $189M | $162M | 24.2% | 44.3% |
| Item | Amount |
|---|---|
| REVENUE | $637M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $375M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $22M |
| Operating Expenses | $241M |
| Cost & Expenses | $503M |
| OPERATING INCOME | $134M |
| Interest Income | $4M |
| Interest Expense | $26M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $49M |
| EBIT | $140M |
| EBITDA | $189M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $637M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $375M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $22M |
| Operating Expenses | $241M |
| Cost & Expenses | $503M |
| OPERATING INCOME | $134M |
| Interest Income | $4M |
| Interest Expense | $26M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $49M |
| EBIT | $140M |
| EBITDA | $189M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $97M |
| OPERATING CASH FLOW | $263M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$923.0K |
| Sales/Maturities of Investments | $898.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$300M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | -$292M |
| FREE CASH FLOW | $234M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $337M |
| Short-Term Investments | $923.0K |
| Net Receivables | $626M |
| Inventory | $539M |
| Other Current Assets | $140M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $715M |
| Goodwill | $1.3B |
| Intangible Assets | $611M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $242M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $86M |
| Short-Term Debt | $50M |
| Deferred Revenue | $337M |
| Other Current Liabilities | $217M |
| TOTAL CURRENT LIABILITIES | $848M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $342M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $9.3B |
| Treasury Stock | -$10.1B |
| Accum. Other Comp. Income | -$142M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $2.1B |
| Net Debt | $1.8B |
