| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $787M | $777M | $619M | 1.2% | 27.2% |
| Op. Income | $103M | $103M | $34M | 0.4% | 205.4% |
| Gross Margin | 26.0% | 24.4% | 20.4% | 1.6pp | 5.6pp |
| Net Margin | 11.4% | 10.6% | 4.8% | 0.8pp | 6.7pp |
| EPS (Diluted) | $1.46 | $1.33 | $0.49 | 9.8% | 198.0% |
| Free Cash Flow | $5M | $131M | -$19M | -96.2% | 126.2% |
| Item | Amount |
|---|---|
| REVENUE | $787M |
| Cost of Revenue | $582M |
| GROSS PROFIT | $204M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $101M |
| Cost & Expenses | $683M |
| OPERATING INCOME | $103M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $29M |
| EBIT | $103M |
| EBITDA | $132M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $787M |
| Cost of Revenue | $582M |
| GROSS PROFIT | $204M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $101M |
| Cost & Expenses | $683M |
| OPERATING INCOME | $103M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $29M |
| EBIT | $103M |
| EBITDA | $132M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $90M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $44.0K |
| Other Non-Cash Items | -$9.0K |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | $36.0K |
| Purchases of Investments | -$72.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $144M |
| Short-Term Investments | $0 |
| Net Receivables | $789M |
| Inventory | $560M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $931M |
| Goodwill | $803M |
| Intangible Assets | $461M |
| Long-Term Investments | $56M |
| Tax Assets | $60M |
| Other Non-Current Assets | $274M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $253M |
| Short-Term Debt | $66M |
| Deferred Revenue | $37M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $583M |
| Long-Term Debt | $653M |
| Deferred Revenue NC | $420M |
| Deferred Tax Liabilities | $139M |
| Other Non-Current Liabilities | $126M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $337M |
| Retained Earnings | $3.0B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$49M |
| Other Equity | $3M |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $739M |
| Net Debt | $595M |
