| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $5.5B | $4.4B | -13.0% | 7.9% |
| Op. Income | $1.1B | $1.7B | $791M | -38.6% | 34.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 7.0% | 19.5% | 17.6% | -12.5pp | -10.6pp |
| EPS (Diluted) | $0.40 | $1.28 | $0.89 | -68.5% | -55.0% |
| Free Cash Flow | $3.2B | $645M | $2.6B | 390.2% | 22.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.5B |
| General & Administrative | $835M |
| SG&A Expenses | $3.3B |
| Other Expenses | $386M |
| Operating Expenses | $3.7B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $241M |
| Interest Expense | $649M |
| Other Income/Expenses | -$666M |
| INCOME BEFORE TAX | $396M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $333M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $333M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $333M |
| D&A | $184M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.5B |
| General & Administrative | $835M |
| SG&A Expenses | $3.3B |
| Other Expenses | $386M |
| Operating Expenses | $3.7B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $241M |
| Interest Expense | $649M |
| Other Income/Expenses | -$666M |
| INCOME BEFORE TAX | $396M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $333M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $333M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $333M |
| D&A | $184M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $333M |
| Depreciation & Amortization | $184M |
| Stock-Based Compensation | $143M |
| Deferred Income Tax | -$144M |
| Other Non-Cash Items | $716M |
| Change in Working Capital | $2.1B |
| OPERATING CASH FLOW | $3.3B |
| Capital Expenditure | -$121M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$118M |
| Net Debt Issuance | -$1.5B |
| Common Stock Repurchased | -$2.2B |
| Common Dividends Paid | -$319M |
| Other Financing Activities | $52M |
| NET CASH FROM FINANCING | -$4.0B |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | -$580M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.6B |
| Short-Term Investments | $0 |
| Net Receivables | $3.3B |
| Inventory | $0 |
| Other Current Assets | $552M |
| TOTAL CURRENT ASSETS | $19.9B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.8B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $538M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $27.2B |
| Account Payables | $3.3B |
| Short-Term Debt | $655M |
| Deferred Revenue | $6.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16.4B |
| Long-Term Debt | $15.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $154M |
| Other Non-Current Liabilities | $910M |
| TOTAL NON-CURRENT LIABILITIES | $16.9B |
| TOTAL LIABILITIES | $33.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $7.9B |
| Retained Earnings | $36.5B |
| Treasury Stock | -$50.1B |
| Accum. Other Comp. Income | -$387M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$6.1B |
| TOTAL LIABILITIES & EQUITY | $27.2B |
| Total Debt | $16.5B |
| Net Debt | $922M |
