| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $997M | $902M | 5.4% | 16.6% |
| Op. Income | $286M | $222M | $287M | 28.9% | -0.4% |
| Gross Margin | 59.1% | 60.1% | 68.7% | -0.9pp | -9.6pp |
| Net Margin | 20.6% | 18.6% | 24.5% | 2.0pp | -3.9pp |
| EPS (Diluted) | $1.23 | $1.05 | $1.24 | 17.1% | -0.8% |
| Free Cash Flow | $239M | $81M | $204M | 192.8% | 17.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $430M |
| GROSS PROFIT | $622M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $201M |
| SG&A Expenses | $205M |
| Other Expenses | $131M |
| Operating Expenses | $336M |
| Cost & Expenses | $766M |
| OPERATING INCOME | $286M |
| Interest Income | $952M |
| Interest Expense | $384M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $286M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $19M |
| EBIT | $286M |
| EBITDA | $305M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $430M |
| GROSS PROFIT | $622M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $201M |
| SG&A Expenses | $205M |
| Other Expenses | $131M |
| Operating Expenses | $336M |
| Cost & Expenses | $766M |
| OPERATING INCOME | $286M |
| Interest Income | $952M |
| Interest Expense | $384M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $286M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $19M |
| EBIT | $286M |
| EBITDA | $305M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $216M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $50M |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | $244M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$359M |
| Purchases of Investments | -$927M |
| Sales/Maturities of Investments | $618M |
| Other Investing Activities | -$674M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$69M |
| Other Financing Activities | -$141M |
| NET CASH FROM FINANCING | $933M |
| FREE CASH FLOW | $239M |
| Net Change in Cash | -$171M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $61M |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $423M |
| Goodwill | $2.9B |
| Intangible Assets | $383M |
| Long-Term Investments | $65.7B |
| Tax Assets | $341M |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $73.6B |
| TOTAL ASSETS | $76.2B |
| Account Payables | $0 |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $60.7B |
| TOTAL CURRENT LIABILITIES | $64.8B |
| Long-Term Debt | $924M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $67.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $3.4B |
| Treasury Stock | -$487M |
| Accum. Other Comp. Income | -$616M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $76.2B |
| Total Debt | $4.9B |
| Net Debt | $3.7B |
