| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $709M | $724M | $697M | -2.0% | 1.8% |
| Op. Income | $179M | $184M | $162M | -2.7% | 10.9% |
| Gross Margin | 74.3% | 71.9% | 70.0% | 2.4pp | 4.3pp |
| Net Margin | 21.3% | 21.4% | 19.5% | -0.1pp | 1.8pp |
| EPS (Diluted) | $2.30 | $2.36 | $2.06 | -2.5% | 11.7% |
| Free Cash Flow | -$337M | $27M | $450M | -1364.5% | -174.9% |
| Item | Amount |
|---|---|
| REVENUE | $709M |
| Cost of Revenue | $182M |
| GROSS PROFIT | $527M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $210M |
| SG&A Expenses | $210M |
| Other Expenses | $138M |
| Operating Expenses | $348M |
| Cost & Expenses | $530M |
| OPERATING INCOME | $179M |
| Interest Income | $585M |
| Interest Expense | $169M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $22M |
| EBIT | $179M |
| EBITDA | $201M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $709M |
| Cost of Revenue | $182M |
| GROSS PROFIT | $527M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $210M |
| SG&A Expenses | $210M |
| Other Expenses | $138M |
| Operating Expenses | $348M |
| Cost & Expenses | $530M |
| OPERATING INCOME | $179M |
| Interest Income | $585M |
| Interest Expense | $169M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $22M |
| EBIT | $179M |
| EBITDA | $201M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $151M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$484M |
| OPERATING CASH FLOW | -$296M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.9B |
| Sales/Maturities of Investments | $4.3B |
| Other Investing Activities | -$135M |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $128M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$62M |
| Other Financing Activities | -$328M |
| NET CASH FROM FINANCING | -$266M |
| FREE CASH FLOW | -$337M |
| Net Change in Cash | -$2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.8B |
| Short-Term Investments | $1.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.3B |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $38.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $42.8B |
| TOTAL ASSETS | $52.0B |
| Account Payables | $0 |
| Short-Term Debt | $4.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42.4B |
| TOTAL CURRENT LIABILITIES | $46.9B |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $784M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $47.9B |
| Common Stock | $644.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $52.0B |
| Total Debt | $4.7B |
| Net Debt | -$3.1B |
