| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.1B | $1.9B | -16.4% | -4.9% |
| Op. Income | $1.8B | $332M | $302M | 438.6% | 492.1% |
| Gross Margin | 100.0% | 104.1% | 101.3% | -4.1pp | -1.3pp |
| Net Margin | 8.6% | 11.9% | 12.9% | -3.3pp | -4.3pp |
| EPS (Diluted) | $1.84 | $3.03 | $2.89 | -39.3% | -36.3% |
| Free Cash Flow | $342M | $641M | $69M | -46.6% | 395.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $0 |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $197M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $0 |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $197M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $154M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $161M |
| OPERATING CASH FLOW | $342M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$493M |
| Sales/Maturities of Investments | $730M |
| Other Investing Activities | -$214M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$58M |
| Common Dividends Paid | -$233M |
| Other Financing Activities | -$207M |
| NET CASH FROM FINANCING | -$495M |
| FREE CASH FLOW | $342M |
| Net Change in Cash | -$130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $855M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $0 |
| Goodwill | $305M |
| Intangible Assets | $198M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$198M |
| TOTAL NON-CURRENT ASSETS | $305M |
| TOTAL ASSETS | $24.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $25.9B |
| Common Stock | $84M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$179M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $24.2B |
| Total Debt | $1.7B |
| Net Debt | $407M |
