| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.9B | $1.4B | -26.8% | -0.6% |
| Op. Income | $134M | $441M | $148M | -69.6% | -9.4% |
| Gross Margin | 24.5% | 35.6% | 24.9% | -11.1pp | -0.4pp |
| Net Margin | 5.6% | 16.6% | 6.4% | -11.0pp | -0.7pp |
| EPS (Diluted) | $0.68 | $2.72 | $0.76 | -75.0% | -10.5% |
| Free Cash Flow | -$133M | $685M | -$76M | -119.5% | -74.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $348M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $213M |
| Other Expenses | $0 |
| Operating Expenses | $213M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $134M |
| Interest Income | $4M |
| Interest Expense | $36M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $123M |
| EBIT | $136M |
| EBITDA | $260M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $348M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $213M |
| Other Expenses | $0 |
| Operating Expenses | $213M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $134M |
| Interest Income | $4M |
| Interest Expense | $36M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $123M |
| EBIT | $136M |
| EBITDA | $260M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$319M |
| OPERATING CASH FLOW | -$126M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | $230M |
| Common Stock Repurchased | -$300.0K |
| Common Dividends Paid | -$93M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $152M |
| FREE CASH FLOW | -$133M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $293M |
| Short-Term Investments | $0 |
| Net Receivables | $895M |
| Inventory | $0 |
| Other Current Assets | $162M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $160M |
| Goodwill | $3.5B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $285M |
| Tax Assets | $183M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $168M |
| Short-Term Debt | $0 |
| Deferred Revenue | $201M |
| Other Current Liabilities | $369M |
| TOTAL CURRENT LIABILITIES | $972M |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $457M |
| Deferred Tax Liabilities | $256M |
| Other Non-Current Liabilities | $361M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $3.4B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$303M |
| Other Equity | -$100.0K |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $3.8B |
| Net Debt | $3.5B |
