| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.2B | $13.3B | $10.7B | -8.4% | 13.9% |
| Op. Income | $1.3B | $1.4B | $1.0B | -10.9% | 22.4% |
| Gross Margin | 15.5% | 15.6% | 15.5% | -0.1pp | -0.0pp |
| Net Margin | 8.1% | 8.6% | 7.4% | -0.5pp | 0.7pp |
| EPS (Diluted) | $3.66 | $4.15 | $2.88 | -11.8% | 27.1% |
| Free Cash Flow | -$290M | $1.8B | -$437M | -116.1% | 33.6% |
| Item | Amount |
|---|---|
| REVENUE | $12.2B |
| Cost of Revenue | $10.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $625M |
| SG&A Expenses | $625M |
| Other Expenses | $0 |
| Operating Expenses | $625M |
| Cost & Expenses | $11.0B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $89M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $206M |
| Net Income from Continuing Ops | $994M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $994M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $994M |
| D&A | $223M |
| EBIT | $1.3B |
| EBITDA | $1.5B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $12.2B |
| Cost of Revenue | $10.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $625M |
| SG&A Expenses | $625M |
| Other Expenses | $0 |
| Operating Expenses | $625M |
| Cost & Expenses | $11.0B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $89M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $206M |
| Net Income from Continuing Ops | $994M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $994M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $994M |
| D&A | $223M |
| EBIT | $1.3B |
| EBITDA | $1.5B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $994M |
| Depreciation & Amortization | $223M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | -$59M |
| Other Non-Cash Items | -$78M |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | -$148M |
| Capital Expenditure | -$142M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | $840M |
| Common Stock Repurchased | -$600M |
| Common Dividends Paid | -$383M |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | -$175M |
| FREE CASH FLOW | -$290M |
| Net Change in Cash | -$455M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $12.4B |
| Inventory | $9.8B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $25.1B |
| PP&E (Net) | $6.5B |
| Goodwill | $20.6B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $31.5B |
| TOTAL ASSETS | $56.6B |
| Account Payables | $3.4B |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $9.8B |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $18.8B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $2.7B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $15.6B |
| TOTAL LIABILITIES | $34.4B |
| Common Stock | $482M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $42.1B |
| Treasury Stock | -$23.0B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.2B |
| TOTAL LIABILITIES & EQUITY | $56.6B |
| Total Debt | $11.5B |
| Net Debt | $10.3B |
