| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $1.7B | 3.0% | 24.9% |
| Op. Income | $547M | $517M | $410M | 5.8% | 33.4% |
| Gross Margin | 39.0% | 40.0% | 41.9% | -0.9pp | -2.8pp |
| Net Margin | 18.9% | 17.5% | 14.0% | 1.4pp | 4.9pp |
| EPS (Diluted) | $0.68 | $0.61 | $0.40 | 11.5% | 70.0% |
| Free Cash Flow | $614M | $645M | $491M | -4.8% | 25.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $816M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $70M |
| SG&A Expenses | $84M |
| Other Expenses | $185M |
| Operating Expenses | $269M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $547M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $488M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $395M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $395M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $395M |
| D&A | $156M |
| EBIT | $580M |
| EBITDA | $736M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $816M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $70M |
| SG&A Expenses | $84M |
| Other Expenses | $185M |
| Operating Expenses | $269M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $547M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $488M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $395M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $395M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $395M |
| D&A | $156M |
| EBIT | $580M |
| EBITDA | $736M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $395M |
| Depreciation & Amortization | $156M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$38M |
| Change in Working Capital | $109M |
| OPERATING CASH FLOW | $663M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$105M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | -$209M |
| NET CASH FROM INVESTING | -$258M |
| Net Debt Issuance | -$257M |
| Common Stock Repurchased | -$115M |
| Common Dividends Paid | -$138M |
| Other Financing Activities | -$573M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $614M |
| Net Change in Cash | -$275M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $690M |
| Short-Term Investments | $1.9B |
| Net Receivables | $986M |
| Inventory | $0 |
| Other Current Assets | $4.3B |
| TOTAL CURRENT ASSETS | $7.8B |
| PP&E (Net) | $1.0B |
| Goodwill | $14.2B |
| Intangible Assets | $6.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $818M |
| TOTAL NON-CURRENT ASSETS | $22.8B |
| TOTAL ASSETS | $30.6B |
| Account Payables | $255M |
| Short-Term Debt | $400M |
| Deferred Revenue | $981M |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $8.0B |
| Long-Term Debt | $8.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $216M |
| TOTAL NON-CURRENT LIABILITIES | $11.1B |
| TOTAL LIABILITIES | $19.1B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.5B |
| Retained Earnings | $8.7B |
| Treasury Stock | -$672M |
| Accum. Other Comp. Income | -$1.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.5B |
| Minority Interest | $9M |
| TOTAL EQUITY | $11.6B |
| TOTAL LIABILITIES & EQUITY | $30.6B |
| Total Debt | $9.7B |
| Net Debt | $9.0B |
