| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.3B | $3.3B | -5.1% | -3.9% |
| Op. Income | $761M | $882M | $664M | -13.7% | 14.6% |
| Gross Margin | 68.6% | 66.5% | 61.7% | 2.1pp | 7.0pp |
| Net Margin | 18.4% | 20.4% | 16.1% | -2.0pp | 2.3pp |
| EPS (Diluted) | $3.32 | $3.86 | $3.02 | -14.0% | 9.9% |
| Free Cash Flow | $610M | $1.6B | $573M | -61.7% | 6.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $995M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $910M |
| SG&A Expenses | $932M |
| Other Expenses | $483M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $761M |
| Interest Income | $2.6B |
| Interest Expense | $865M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $761M |
| Income Tax Expense | $177M |
| Net Income from Continuing Ops | $584M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $584M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $547M |
| D&A | $130M |
| EBIT | $761M |
| EBITDA | $891M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $995M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $910M |
| SG&A Expenses | $932M |
| Other Expenses | $483M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $761M |
| Interest Income | $2.6B |
| Interest Expense | $865M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $761M |
| Income Tax Expense | $177M |
| Net Income from Continuing Ops | $584M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $584M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $547M |
| D&A | $130M |
| EBIT | $761M |
| EBITDA | $891M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $584M |
| Depreciation & Amortization | $130M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $128M |
| Change in Working Capital | -$201M |
| OPERATING CASH FLOW | $635M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.7B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | -$1.7B |
| Common Stock Repurchased | -$656M |
| Common Dividends Paid | -$225M |
| Other Financing Activities | $4.3B |
| NET CASH FROM FINANCING | $1.7B |
| FREE CASH FLOW | $610M |
| Net Change in Cash | $200M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22.8B |
| Short-Term Investments | $16.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $38.8B |
| PP&E (Net) | $1.7B |
| Goodwill | $8.5B |
| Intangible Assets | $93M |
| Long-Term Investments | $151.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.7B |
| TOTAL NON-CURRENT ASSETS | $171.5B |
| TOTAL ASSETS | $210.3B |
| Account Payables | $0 |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $165.4B |
| TOTAL CURRENT LIABILITIES | $167.0B |
| Long-Term Debt | $10.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $14.3B |
| TOTAL LIABILITIES | $181.3B |
| Common Stock | $91M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $19.4B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | $90M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.0B |
| TOTAL LIABILITIES & EQUITY | $210.3B |
| Total Debt | $12.1B |
| Net Debt | -$10.7B |
