| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $840M | $841M | $815M | -0.1% | 3.1% |
| Op. Income | $389M | $380M | $336M | 2.3% | 15.8% |
| Gross Margin | 73.1% | 85.2% | 74.7% | -12.0pp | -1.5pp |
| Net Margin | 32.2% | 31.2% | 26.2% | 1.0pp | 6.1pp |
| EPS (Diluted) | $1.28 | $1.24 | $1.01 | 3.2% | 26.7% |
| Free Cash Flow | $477M | $403M | $459M | 18.3% | 4.0% |
| Item | Amount |
|---|---|
| REVENUE | $840M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $614M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $46M |
| SG&A Expenses | $61M |
| Other Expenses | $165M |
| Operating Expenses | $226M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $389M |
| Interest Income | $39M |
| Interest Expense | $154M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $180M |
| EBIT | $373M |
| EBITDA | $553M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $840M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $614M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $46M |
| SG&A Expenses | $61M |
| Other Expenses | $165M |
| Operating Expenses | $226M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $389M |
| Interest Income | $39M |
| Interest Expense | $154M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $180M |
| EBIT | $373M |
| EBITDA | $553M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $271M |
| Depreciation & Amortization | $180M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $481M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$102M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$235M |
| NET CASH FROM INVESTING | -$342M |
| Net Debt Issuance | $214M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$344M |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$160M |
| FREE CASH FLOW | $477M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $735M |
| Goodwill | $171M |
| Intangible Assets | $2M |
| Long-Term Investments | $1.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $24.7B |
| TOTAL NON-CURRENT ASSETS | $27.3B |
| TOTAL ASSETS | $29.0B |
| Account Payables | $359M |
| Short-Term Debt | $978M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $11.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $533M |
| TOTAL NON-CURRENT LIABILITIES | $12.8B |
| TOTAL LIABILITIES | $14.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $14.9B |
| Retained Earnings | -$973M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.9B |
| Minority Interest | $892M |
| TOTAL EQUITY | $14.8B |
| TOTAL LIABILITIES & EQUITY | $29.0B |
| Total Debt | $13.2B |
| Net Debt | $13.1B |
