| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.2B | $4.9B | 0.3% | 6.7% |
| Op. Income | $361M | $409M | $328M | -11.6% | 10.2% |
| Gross Margin | 21.6% | 22.3% | 21.8% | -0.7pp | -0.2pp |
| Net Margin | 4.3% | 5.1% | 4.4% | -0.8pp | -0.1pp |
| EPS (Diluted) | $1.69 | $1.97 | $1.59 | -14.2% | 6.3% |
| Free Cash Flow | $260M | $317M | $411M | -17.8% | -36.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $761M |
| Other Expenses | $0 |
| Operating Expenses | $761M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $361M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $304M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $225M |
| D&A | $75M |
| EBIT | $361M |
| EBITDA | $436M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $761M |
| Other Expenses | $0 |
| Operating Expenses | $761M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $361M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $304M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $225M |
| D&A | $75M |
| EBIT | $361M |
| EBITDA | $436M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $225M |
| Depreciation & Amortization | $75M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $287M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$294M |
| FREE CASH FLOW | $260M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $471M |
| Short-Term Investments | $217M |
| Net Receivables | $5.9B |
| Inventory | $720M |
| Other Current Assets | $385M |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $301M |
| Goodwill | $4.6B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $15.0B |
| Account Payables | $3.6B |
| Short-Term Debt | $231M |
| Deferred Revenue | $521M |
| Other Current Liabilities | $778M |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $155M |
| Other Non-Current Liabilities | $996M |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $12.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$143M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $15.0B |
| Total Debt | $6.0B |
| Net Debt | $5.5B |
