| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.9B | $3.5B | -13.2% | -4.5% |
| Op. Income | -$121M | -$233M | $98M | 48.1% | -223.5% |
| Gross Margin | 72.4% | 71.8% | 69.6% | 0.6pp | 2.8pp |
| Net Margin | -4.6% | -7.3% | 0.9% | 2.7pp | -5.5pp |
| EPS (Diluted) | $-0.43 | $-0.79 | $0.09 | 45.6% | -600.0% |
| Free Cash Flow | -$811M | $672M | -$703M | -220.7% | -15.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $928M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $256M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | -$121M |
| Interest Income | $35M |
| Interest Expense | $92M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | -$180M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | -$156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$156M |
| D&A | $208M |
| EBIT | -$88M |
| EBITDA | $120M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$156M |
| Depreciation & Amortization | $204M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$79M |
| Other Non-Cash Items | $77M |
| Change in Working Capital | -$716M |
| OPERATING CASH FLOW | -$670M |
| Capital Expenditure | -$141M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$160M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$240M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$226M |
| FREE CASH FLOW | -$811M |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $2.3B |
| Other Current Assets | $633M |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $5.2B |
| Goodwill | $2.2B |
| Intangible Assets | $5.2B |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $14.1B |
| TOTAL ASSETS | $21.3B |
| Account Payables | $1.1B |
| Short-Term Debt | $504M |
| Deferred Revenue | $338M |
| Other Current Liabilities | $798M |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.7B |
| TOTAL LIABILITIES | $16.2B |
| Common Stock | $6M |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | $13.0B |
| Treasury Stock | -$13.7B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $21.3B |
| Total Debt | $10.0B |
| Net Debt | $7.7B |
