| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.6B | -5.0% | -6.7% |
| Op. Income | $325M | $296M | $414M | 9.8% | -21.5% |
| Gross Margin | 55.6% | 56.3% | 59.0% | -0.7pp | -3.4pp |
| Net Margin | 5.8% | 6.8% | 12.4% | -1.1pp | -6.6pp |
| EPS (Diluted) | $0.33 | $0.42 | $0.78 | -21.4% | -57.7% |
| Free Cash Flow | -$22M | $258M | -$20M | -108.5% | -10.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $672M |
| GROSS PROFIT | $841M |
| R&D Expenses | $96M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $420M |
| Other Expenses | $0 |
| Operating Expenses | $516M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $325M |
| Interest Income | $0 |
| Interest Expense | $124M |
| Other Income/Expenses | -$224M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $100M |
| EBIT | $225M |
| EBITDA | $325M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $672M |
| GROSS PROFIT | $841M |
| R&D Expenses | $96M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $420M |
| Other Expenses | $0 |
| Operating Expenses | $516M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $325M |
| Interest Income | $0 |
| Interest Expense | $124M |
| Other Income/Expenses | -$224M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $100M |
| EBIT | $225M |
| EBITDA | $325M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$125M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$97M |
| Acquisitions (Net) | -$75M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$172M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$71M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$75M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$128M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $547M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $1.4B |
| Other Current Assets | $995M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $1.2B |
| Goodwill | $4.7B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $13.2B |
| Account Payables | $1.0B |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $8.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $69M |
| Other Non-Current Liabilities | $994M |
| TOTAL NON-CURRENT LIABILITIES | $10.0B |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $130M |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$617M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $542M |
| Minority Interest | $0 |
| TOTAL EQUITY | $542M |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $9.0B |
| Net Debt | $8.4B |
