| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.9B | $2.9B | -3.8% | -3.8% |
| Op. Income | $402M | -$556M | $489M | 172.2% | -17.9% |
| Gross Margin | 26.5% | 27.7% | 28.3% | -1.2pp | -1.9pp |
| Net Margin | 16.7% | -19.5% | 11.0% | 36.2pp | 5.7pp |
| EPS (Diluted) | $0.97 | $-1.18 | $0.67 | 182.2% | 44.8% |
| Free Cash Flow | $136M | $406M | $300M | -66.6% | -54.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $739M |
| R&D Expenses | $0 |
| Selling & Marketing | -$2M |
| General & Administrative | $338M |
| SG&A Expenses | $335M |
| Other Expenses | $2M |
| Operating Expenses | $338M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $402M |
| Interest Income | $900.0K |
| Interest Expense | $107M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $328M |
| Income Tax Expense | -$139M |
| Net Income from Continuing Ops | $467M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $467M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $467M |
| D&A | $99M |
| EBIT | $435M |
| EBITDA | $534M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $739M |
| R&D Expenses | $0 |
| Selling & Marketing | -$2M |
| General & Administrative | $338M |
| SG&A Expenses | $335M |
| Other Expenses | $2M |
| Operating Expenses | $338M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $402M |
| Interest Income | $900.0K |
| Interest Expense | $107M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $328M |
| Income Tax Expense | -$139M |
| Net Income from Continuing Ops | $467M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $467M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $467M |
| D&A | $99M |
| EBIT | $435M |
| EBITDA | $534M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $467M |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$321M |
| OPERATING CASH FLOW | $269M |
| Capital Expenditure | -$133M |
| Acquisitions (Net) | -$153M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$286M |
| Net Debt Issuance | $321M |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | -$167M |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | $70M |
| FREE CASH FLOW | $136M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $0 |
| Net Receivables | $933M |
| Inventory | $2.2B |
| Other Current Assets | $134M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $2.9B |
| Goodwill | $10.8B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $17.8B |
| TOTAL ASSETS | $21.2B |
| Account Payables | $1.5B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $7.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $8.9B |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $6.6B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $21.2B |
| Total Debt | $8.8B |
| Net Debt | $8.6B |
