| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.6B | $4.1B | -8.1% | 3.9% |
| Op. Income | $249M | -$745M | $832M | 133.4% | -70.1% |
| Gross Margin | 12.3% | -10.0% | 26.0% | 22.3pp | -13.7pp |
| Net Margin | 5.0% | -12.9% | 18.0% | 17.8pp | -13.0pp |
| EPS (Diluted) | $4.90 | $-13.80 | $16.87 | 135.5% | -71.0% |
| Free Cash Flow | $928M | $780M | $1.1B | 19.0% | -15.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $521M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $251M |
| Operating Expenses | $272M |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $249M |
| Interest Income | $12M |
| Interest Expense | $38M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $208M |
| D&A | $0 |
| EBIT | $286M |
| EBITDA | $286M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $521M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $251M |
| Operating Expenses | $272M |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $249M |
| Interest Income | $12M |
| Interest Expense | $38M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $208M |
| D&A | $0 |
| EBIT | $286M |
| EBITDA | $286M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $210M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | $729M |
| OPERATING CASH FLOW | $928M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.7B |
| Sales/Maturities of Investments | $3.1B |
| Other Investing Activities | -$48M |
| NET CASH FROM INVESTING | -$569M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$85M |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$323M |
| FREE CASH FLOW | $928M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $17.4B |
| Net Receivables | $10.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $30.5B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.5B |
| Long-Term Investments | $23.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $27.6B |
| TOTAL ASSETS | $58.1B |
| Account Payables | $781M |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $7.3B |
| Other Current Liabilities | $31.5B |
| TOTAL CURRENT LIABILITIES | $42.0B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.6B |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $44.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $15.4B |
| Treasury Stock | -$4.3B |
| Accum. Other Comp. Income | -$786M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $58.1B |
| Total Debt | $5.9B |
| Net Debt | $4.4B |
