| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $936M | $934M | $868M | 0.2% | 7.8% |
| Op. Income | $111M | $136M | $106M | -18.4% | 4.7% |
| Gross Margin | 47.4% | 47.2% | 47.8% | 0.2pp | -0.4pp |
| Net Margin | 5.6% | 9.7% | 1.7% | -4.2pp | 3.8pp |
| EPS (Diluted) | $0.77 | $1.33 | $0.22 | -42.1% | 250.0% |
| Free Cash Flow | $123M | $125M | $49M | -1.6% | 151.0% |
| Item | Amount |
|---|---|
| REVENUE | $936M |
| Cost of Revenue | $492M |
| GROSS PROFIT | $444M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $78M |
| Operating Expenses | $333M |
| Cost & Expenses | $825M |
| OPERATING INCOME | $111M |
| Interest Income | $3M |
| Interest Expense | $53M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $85M |
| EBIT | $118M |
| EBITDA | $203M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $936M |
| Cost of Revenue | $492M |
| GROSS PROFIT | $444M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $78M |
| Operating Expenses | $333M |
| Cost & Expenses | $825M |
| OPERATING INCOME | $111M |
| Interest Income | $3M |
| Interest Expense | $53M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $85M |
| EBIT | $118M |
| EBITDA | $203M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $85M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$37M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$113M |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$180M |
| FREE CASH FLOW | $123M |
| Net Change in Cash | -$59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $655M |
| Short-Term Investments | $0 |
| Net Receivables | $639M |
| Inventory | $894M |
| Other Current Assets | $238M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $1.0B |
| Goodwill | $2.5B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $383M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $323M |
| Short-Term Debt | $50M |
| Deferred Revenue | $70M |
| Other Current Liabilities | $241M |
| TOTAL CURRENT LIABILITIES | $781M |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $502M |
| Other Non-Current Liabilities | $299M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $512M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$225M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $4.7B |
| Net Debt | $4.0B |
