| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $965M | $967M | $943M | -0.2% | 2.3% |
| Op. Income | $417M | $400M | $359M | 4.3% | 16.2% |
| Gross Margin | 80.3% | 80.4% | 81.0% | -0.0pp | -0.7pp |
| Net Margin | 18.8% | 13.9% | 19.8% | 4.9pp | -1.1pp |
| EPS (Diluted) | $0.29 | $0.21 | $0.29 | 38.1% | 0.0% |
| Free Cash Flow | $262M | $1.4B | $222M | -81.2% | 18.0% |
| Item | Amount |
|---|---|
| REVENUE | $965M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $775M |
| R&D Expenses | $81M |
| Selling & Marketing | $183M |
| General & Administrative | $52M |
| SG&A Expenses | $235M |
| Other Expenses | $42M |
| Operating Expenses | $358M |
| Cost & Expenses | $548M |
| OPERATING INCOME | $417M |
| Interest Income | $8M |
| Interest Expense | $153M |
| Other Income/Expenses | -$141M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $106M |
| EBIT | $429M |
| EBITDA | $535M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $965M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $775M |
| R&D Expenses | $81M |
| Selling & Marketing | $183M |
| General & Administrative | $52M |
| SG&A Expenses | $235M |
| Other Expenses | $42M |
| Operating Expenses | $358M |
| Cost & Expenses | $548M |
| OPERATING INCOME | $417M |
| Interest Income | $8M |
| Interest Expense | $153M |
| Other Income/Expenses | -$141M |
| INCOME BEFORE TAX | $276M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $106M |
| EBIT | $429M |
| EBITDA | $535M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $264M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$88M |
| Common Stock Repurchased | -$272M |
| Common Dividends Paid | -$82M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$466M |
| FREE CASH FLOW | $262M |
| Net Change in Cash | -$202M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $644M |
| Short-Term Investments | $0 |
| Net Receivables | $163M |
| Inventory | $0 |
| Other Current Assets | $161M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $118M |
| Goodwill | $10.2B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $136M |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $14.3B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $83M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $807M |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $7.2B |
| Deferred Revenue NC | $74M |
| Deferred Tax Liabilities | $253M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $9.7B |
| TOTAL LIABILITIES | $13.5B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $8.6B |
| Net Debt | $7.9B |
