| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.9B | $3.3B | -2.8% | -13.8% |
| Op. Income | $369M | $939M | $1.1B | -60.7% | -65.1% |
| Gross Margin | 33.7% | 54.0% | 51.5% | -20.3pp | -17.9pp |
| Net Margin | 8.0% | 27.6% | 24.5% | -19.6pp | -16.5pp |
| EPS (Diluted) | $1.10 | $3.92 | $3.89 | -71.9% | -71.7% |
| Free Cash Flow | $251M | $807M | $356M | -68.9% | -29.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $944M |
| R&D Expenses | $0 |
| Selling & Marketing | -$1M |
| General & Administrative | $560M |
| SG&A Expenses | $559M |
| Other Expenses | $16M |
| Operating Expenses | $575M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $369M |
| Interest Income | $6M |
| Interest Expense | $51M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $120M |
| EBIT | $374M |
| EBITDA | $494M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $944M |
| R&D Expenses | $0 |
| Selling & Marketing | -$1M |
| General & Administrative | $560M |
| SG&A Expenses | $559M |
| Other Expenses | $16M |
| Operating Expenses | $575M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $369M |
| Interest Income | $6M |
| Interest Expense | $51M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $120M |
| EBIT | $374M |
| EBITDA | $494M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $224M |
| Depreciation & Amortization | $120M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $286M |
| Change in Working Capital | -$234M |
| OPERATING CASH FLOW | $397M |
| Capital Expenditure | -$146M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | $819M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$272M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | $537M |
| FREE CASH FLOW | $251M |
| Net Change in Cash | $785M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $880M |
| Inventory | $1.5B |
| Other Current Assets | $777M |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $3.8B |
| Goodwill | $2.7B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $210M |
| Tax Assets | $39M |
| Other Non-Current Assets | $200M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $14.0B |
| Account Payables | $775M |
| Short-Term Debt | $748M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $413M |
| Other Non-Current Liabilities | $357M |
| TOTAL NON-CURRENT LIABILITIES | $6.3B |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $222M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $5.7B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$291M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $6.3B |
| Net Debt | $4.8B |
