| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.0B | -1.0% | 9.5% |
| Op. Income | $801M | $709M | $728M | 13.0% | 10.0% |
| Gross Margin | 68.9% | 65.4% | 68.8% | 3.5pp | 0.2pp |
| Net Margin | 27.4% | 23.7% | 27.6% | 3.6pp | -0.2pp |
| EPS (Diluted) | $1.31 | $1.14 | $1.19 | 14.9% | 10.1% |
| Free Cash Flow | $455M | $699M | $326M | -34.9% | 39.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $680M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $162M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $547M |
| Other Expenses | $0 |
| Operating Expenses | $709M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $801M |
| Interest Income | $32M |
| Interest Expense | $62M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $747M |
| Income Tax Expense | $148M |
| Net Income from Continuing Ops | $599M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $599M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $599M |
| D&A | $126M |
| EBIT | $809M |
| EBITDA | $935M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $680M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $162M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $547M |
| Other Expenses | $0 |
| Operating Expenses | $709M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $801M |
| Interest Income | $32M |
| Interest Expense | $62M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $747M |
| Income Tax Expense | $148M |
| Net Income from Continuing Ops | $599M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $599M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $599M |
| D&A | $126M |
| EBIT | $809M |
| EBITDA | $935M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $599M |
| Depreciation & Amortization | $126M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$43M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$121M |
| OPERATING CASH FLOW | $595M |
| Capital Expenditure | -$140M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | $21M |
| Common Stock Repurchased | -$339M |
| Common Dividends Paid | -$198M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$524M |
| FREE CASH FLOW | $455M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $2.7B |
| Other Current Assets | $442M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $3.5B |
| Goodwill | $2.8B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $232M |
| Other Non-Current Assets | $227M |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $14.3B |
| Account Payables | $405M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $361M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $6.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $136M |
| Other Non-Current Liabilities | $505M |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $5M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $10.7B |
| Treasury Stock | -$5.9B |
| Accum. Other Comp. Income | -$841M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | -$6M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $14.3B |
| Total Debt | $6.8B |
| Net Debt | $4.8B |
