| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $951M | $964M | $1.0B | -1.3% | -8.4% |
| Op. Income | $281M | $375M | $327M | -25.1% | -14.1% |
| Gross Margin | 59.4% | 59.0% | 62.7% | 0.4pp | -3.3pp |
| Net Margin | 20.5% | 27.6% | 22.3% | -7.1pp | -1.7pp |
| EPS (Diluted) | $0.41 | $0.56 | $0.48 | -26.8% | -14.6% |
| Free Cash Flow | -$24M | $205M | -$11M | -111.7% | -118.2% |
| Item | Amount |
|---|---|
| REVENUE | $951M |
| Cost of Revenue | $386M |
| GROSS PROFIT | $565M |
| R&D Expenses | $0 |
| Selling & Marketing | $126M |
| General & Administrative | $188M |
| SG&A Expenses | $314M |
| Other Expenses | -$30M |
| Operating Expenses | $284M |
| Cost & Expenses | $670M |
| OPERATING INCOME | $281M |
| Interest Income | $4M |
| Interest Expense | $32M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $253M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $195M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $195M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $195M |
| D&A | $22M |
| EBIT | $285M |
| EBITDA | $307M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $951M |
| Cost of Revenue | $386M |
| GROSS PROFIT | $565M |
| R&D Expenses | $0 |
| Selling & Marketing | $126M |
| General & Administrative | $188M |
| SG&A Expenses | $314M |
| Other Expenses | -$30M |
| Operating Expenses | $284M |
| Cost & Expenses | $670M |
| OPERATING INCOME | $281M |
| Interest Income | $4M |
| Interest Expense | $32M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $253M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $195M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $195M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $195M |
| D&A | $22M |
| EBIT | $285M |
| EBITDA | $307M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $195M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$193M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $51M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $54M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$103M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $416M |
| Short-Term Investments | $0 |
| Net Receivables | $806M |
| Inventory | $2.6B |
| Other Current Assets | $263M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.5B |
| Intangible Assets | $997M |
| Long-Term Investments | $270M |
| Tax Assets | $63M |
| Other Non-Current Assets | $278M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $669M |
| Short-Term Debt | $784M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $302M |
| Other Non-Current Liabilities | $405M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $72M |
| Additional Paid-In Capital | $12M |
| Retained Earnings | $4.3B |
| Treasury Stock | -$605M |
| Accum. Other Comp. Income | -$264M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $3.2B |
| Net Debt | $2.8B |
