| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $2.3B | -6.4% | -45.8% |
| Op. Income | $219M | $254M | $903M | -13.6% | -75.7% |
| Gross Margin | 59.4% | 59.6% | 68.1% | -0.2pp | -8.7pp |
| Net Margin | 10.4% | 11.7% | 29.1% | -1.3pp | -18.7pp |
| EPS (Diluted) | $0.24 | $0.28 | $1.21 | -14.3% | -80.2% |
| Free Cash Flow | $304M | $390M | $882M | -22.0% | -65.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $504M |
| GROSS PROFIT | $737M |
| R&D Expenses | $242M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $151M |
| Other Expenses | $126M |
| Operating Expenses | $518M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $219M |
| Interest Income | $3M |
| Interest Expense | $60M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $189M |
| EBIT | $222M |
| EBITDA | $410M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $504M |
| GROSS PROFIT | $737M |
| R&D Expenses | $242M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $151M |
| Other Expenses | $126M |
| Operating Expenses | $518M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $219M |
| Interest Income | $3M |
| Interest Expense | $60M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $189M |
| EBIT | $222M |
| EBITDA | $410M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $129M |
| Depreciation & Amortization | $189M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $200.0K |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $377M |
| Capital Expenditure | -$73M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | -$126M |
| Net Debt Issuance | $170M |
| Common Stock Repurchased | -$73M |
| Common Dividends Paid | -$243M |
| Other Financing Activities | -$124M |
| NET CASH FROM FINANCING | -$256M |
| FREE CASH FLOW | $304M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $315M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $1.3B |
| Other Current Assets | $229M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $1.2B |
| Goodwill | $6.7B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $0 |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $637M |
| TOTAL NON-CURRENT ASSETS | $12.9B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $196M |
| Short-Term Debt | $0 |
| Deferred Revenue | $263M |
| Other Current Liabilities | $649M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $6.2B |
| Deferred Revenue NC | $652M |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $6.6B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $6.2B |
| Net Debt | $5.9B |
