| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.6B | $2.5B | -11.0% | -9.1% |
| Op. Income | $175M | $224M | $260M | -21.7% | -32.5% |
| Gross Margin | 17.3% | 17.2% | 18.5% | 0.1pp | -1.2pp |
| Net Margin | 4.9% | 5.9% | 7.1% | -1.0pp | -2.2pp |
| EPS (Diluted) | $1.72 | $2.33 | $2.71 | -26.2% | -36.5% |
| Free Cash Flow | -$435M | $703M | -$456M | -161.9% | 4.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $400M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $211M |
| Other Expenses | $14M |
| Operating Expenses | $225M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $175M |
| Interest Income | $2M |
| Interest Expense | $27M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $54M |
| EBIT | $178M |
| EBITDA | $232M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $400M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $211M |
| Other Expenses | $14M |
| Operating Expenses | $225M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $175M |
| Interest Income | $2M |
| Interest Expense | $27M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $54M |
| EBIT | $178M |
| EBITDA | $232M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$560M |
| OPERATING CASH FLOW | -$395M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | -$900.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $516M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | -$33M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | $438M |
| FREE CASH FLOW | -$435M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $2.5B |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.4B |
| Intangible Assets | $765M |
| Long-Term Investments | $0 |
| Tax Assets | $269M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $970M |
| Short-Term Debt | $379M |
| Deferred Revenue | $638M |
| Other Current Liabilities | $416M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $507M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $838M |
| Retained Earnings | $4.4B |
| Treasury Stock | -$982M |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $1.5B |
| Net Debt | $1.3B |
