| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.4B | $2.3B | -3.0% | 1.2% |
| Op. Income | $621M | $657M | $464M | -5.5% | 33.8% |
| Gross Margin | 71.7% | 71.0% | 69.7% | 0.7pp | 2.0pp |
| Net Margin | 21.2% | 22.4% | 16.1% | -1.2pp | 5.1pp |
| EPS (Diluted) | $0.51 | $0.56 | $0.37 | -8.9% | 37.8% |
| Free Cash Flow | $1.1B | -$229M | $277M | 563.3% | 283.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $655M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $30M |
| General & Administrative | $645M |
| SG&A Expenses | $675M |
| Other Expenses | $364M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $621M |
| Interest Income | $1.7B |
| Interest Expense | $531M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $621M |
| Income Tax Expense | $131M |
| Net Income from Continuing Ops | $490M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $490M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $465M |
| D&A | $22M |
| EBIT | $621M |
| EBITDA | $643M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $655M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $30M |
| General & Administrative | $645M |
| SG&A Expenses | $675M |
| Other Expenses | $364M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $621M |
| Interest Income | $1.7B |
| Interest Expense | $531M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $621M |
| Income Tax Expense | $131M |
| Net Income from Continuing Ops | $490M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $490M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $465M |
| D&A | $22M |
| EBIT | $621M |
| EBITDA | $643M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $490M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $409M |
| Change in Working Capital | $148M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | $775M |
| NET CASH FROM INVESTING | $166M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$242M |
| Common Dividends Paid | -$227M |
| Other Financing Activities | $3.4B |
| NET CASH FROM FINANCING | $2.4B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $3.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.3B |
| Short-Term Investments | $23.1B |
| Net Receivables | $583M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $38.0B |
| PP&E (Net) | $1.7B |
| Goodwill | $5.7B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $103.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.3B |
| TOTAL NON-CURRENT ASSETS | $121.8B |
| TOTAL ASSETS | $159.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $131.0B |
| TOTAL CURRENT LIABILITIES | $131.0B |
| Long-Term Debt | $6.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $10.3B |
| TOTAL LIABILITIES | $141.3B |
| Common Stock | $9M |
| Additional Paid-In Capital | $11.2B |
| Retained Earnings | $9.3B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$2.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.5B |
| Minority Interest | $37M |
| TOTAL EQUITY | $18.6B |
| TOTAL LIABILITIES & EQUITY | $159.8B |
| Total Debt | $6.0B |
| Net Debt | -$8.3B |
