| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.9B | 2.3% | -2.3% |
| Op. Income | $570M | $381M | $542M | 49.5% | 5.1% |
| Gross Margin | 56.5% | 55.3% | 54.1% | 1.2pp | 2.4pp |
| Net Margin | 23.9% | 14.9% | 23.3% | 8.9pp | 0.6pp |
| EPS (Diluted) | $0.45 | $0.28 | $0.42 | 60.7% | 7.1% |
| Free Cash Flow | $479M | $350M | $337M | 36.9% | 41.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $807M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $478M |
| Operating Expenses | $478M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $570M |
| Interest Income | $17M |
| Interest Expense | $4M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $578M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $443M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $443M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $443M |
| D&A | $25M |
| EBIT | $582M |
| EBITDA | $607M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $807M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $478M |
| Operating Expenses | $478M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $570M |
| Interest Income | $17M |
| Interest Expense | $4M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $578M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $443M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $443M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $443M |
| D&A | $25M |
| EBIT | $582M |
| EBITDA | $607M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $443M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $135.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $508M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$177M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$146M |
| FREE CASH FLOW | $479M |
| Net Change in Cash | $370M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $725M |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.3B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $184M |
| Other Non-Current Assets | $96M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $487M |
| Short-Term Debt | $0 |
| Deferred Revenue | $48M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $199M |
| Deferred Revenue NC | $174M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $482M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.2B |
| Retained Earnings | $7.9B |
| Treasury Stock | -$6.4B |
| Accum. Other Comp. Income | -$203M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.5B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $199M |
| Net Debt | -$1.7B |
