| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.3B | -6.2% | 10.9% |
| Op. Income | $331M | $403M | $285M | -17.7% | 16.2% |
| Gross Margin | 30.1% | 29.5% | 28.1% | 0.7pp | 2.1pp |
| Net Margin | 14.3% | 20.6% | 18.6% | -6.3pp | -4.3pp |
| EPS (Diluted) | $0.26 | $0.39 | $0.30 | -34.2% | -13.8% |
| Free Cash Flow | $297M | -$381M | $400M | 177.9% | -25.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $439M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | -$24M |
| Operating Expenses | $107M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $331M |
| Interest Income | $36M |
| Interest Expense | $12M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $83M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $208M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $208M |
| D&A | $0 |
| EBIT | $304M |
| EBITDA | $304M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $439M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | -$24M |
| Operating Expenses | $107M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $331M |
| Interest Income | $36M |
| Interest Expense | $12M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $83M |
| Net Income from Continuing Ops | $212M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $208M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $208M |
| D&A | $0 |
| EBIT | $304M |
| EBITDA | $304M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $208M |
| Depreciation & Amortization | $115M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$70M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $297M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$348M |
| NET CASH FROM INVESTING | -$348M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | $297M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.0B |
| Net Receivables | $254M |
| Inventory | $6M |
| Other Current Assets | $647M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $4.9B |
| Goodwill | $620M |
| Intangible Assets | $832M |
| Long-Term Investments | $2.4B |
| Tax Assets | $139M |
| Other Non-Current Assets | $337M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $13.1B |
| Account Payables | $341M |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $244M |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $97M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $76.7K |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $5.0B |
| Treasury Stock | -$55M |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $80M |
| TOTAL EQUITY | $8.5B |
| TOTAL LIABILITIES & EQUITY | $13.1B |
| Total Debt | $2.3B |
| Net Debt | $468M |
