| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.6B | $3.9B | 2.2% | 20.9% |
| Op. Income | $896M | $589M | $644M | 52.1% | 39.1% |
| Gross Margin | 63.3% | 58.6% | 61.8% | 4.7pp | 1.4pp |
| Net Margin | 14.5% | 12.4% | 12.8% | 2.0pp | 1.6pp |
| EPS (Diluted) | $0.45 | $0.38 | $0.33 | 18.9% | 35.1% |
| Free Cash Flow | $354M | $1.2B | -$81M | -69.6% | 537.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $443M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $14M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $896M |
| Interest Income | $0 |
| Interest Expense | $87M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $805M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $672M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $674M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $674M |
| D&A | $325M |
| EBIT | $892M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $443M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $14M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $896M |
| Interest Income | $0 |
| Interest Expense | $87M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $805M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $672M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $674M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $674M |
| D&A | $325M |
| EBIT | $892M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $672M |
| Depreciation & Amortization | $325M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | $41M |
| Other Non-Cash Items | $107M |
| Change in Working Capital | -$678M |
| OPERATING CASH FLOW | $541M |
| Capital Expenditure | -$187M |
| Acquisitions (Net) | -$239M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$74M |
| NET CASH FROM INVESTING | -$500M |
| Net Debt Issuance | $247M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$129M |
| NET CASH FROM FINANCING | $233M |
| FREE CASH FLOW | $354M |
| Net Change in Cash | $313M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $725M |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $2.9B |
| Other Current Assets | $756M |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $3.8B |
| Goodwill | $17.3B |
| Intangible Assets | $6.6B |
| Long-Term Investments | $655M |
| Tax Assets | $3.7B |
| Other Non-Current Assets | $732M |
| TOTAL NON-CURRENT ASSETS | $32.8B |
| TOTAL ASSETS | $40.1B |
| Account Payables | $1.0B |
| Short-Term Debt | $777M |
| Deferred Revenue | $306M |
| Other Current Liabilities | $439M |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $10.4B |
| Deferred Revenue NC | $335M |
| Deferred Tax Liabilities | $158M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $12.6B |
| TOTAL LIABILITIES | $17.7B |
| Common Stock | $17M |
| Additional Paid-In Capital | $21.1B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.2B |
| Minority Interest | $233M |
| TOTAL EQUITY | $22.4B |
| TOTAL LIABILITIES & EQUITY | $40.1B |
| Total Debt | $11.7B |
| Net Debt | $11.0B |
