| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $3.0B | $2.4B | -16.0% | 5.8% |
| Op. Income | $582M | $814M | $519M | -28.5% | 12.1% |
| Gross Margin | 51.4% | 51.4% | 49.9% | -0.0pp | 1.5pp |
| Net Margin | 17.0% | 20.3% | -1.6% | -3.3pp | 18.6pp |
| EPS (Diluted) | $2.53 | $3.56 | $-0.23 | -28.9% | 1200.0% |
| Free Cash Flow | $473M | $984M | $336M | -51.9% | 40.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $233M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $436M |
| Other Expenses | $49M |
| Operating Expenses | $718M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $582M |
| Interest Income | $18M |
| Interest Expense | $69M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $547M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $432M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $430M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $430M |
| D&A | $81M |
| EBIT | $616M |
| EBITDA | $697M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $233M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $436M |
| Other Expenses | $49M |
| Operating Expenses | $718M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $582M |
| Interest Income | $18M |
| Interest Expense | $69M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $547M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $432M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $430M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $430M |
| D&A | $81M |
| EBIT | $616M |
| EBITDA | $697M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $432M |
| Depreciation & Amortization | $81M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | $510M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | -$450M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$477M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | -$182M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$597M |
| FREE CASH FLOW | $473M |
| Net Change in Cash | -$538M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $3.1B |
| Inventory | $833M |
| Other Current Assets | $444M |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $1.6B |
| Goodwill | $3.8B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $161M |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $383M |
| TOTAL NON-CURRENT ASSETS | $8.5B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $1.0B |
| Short-Term Debt | $322M |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $540M |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $556M |
| Deferred Tax Liabilities | $87M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $18M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $6.5B |
| Net Debt | $5.0B |
