| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.2B | $6.4B | 1.8% | -16.9% |
| Op. Income | $369M | $225M | $272M | 64.0% | 35.7% |
| Gross Margin | 14.7% | 12.5% | 10.3% | 2.2pp | 4.5pp |
| Net Margin | 5.4% | 2.8% | 3.3% | 2.6pp | 2.1pp |
| EPS (Diluted) | $4.27 | $2.22 | $3.16 | 92.3% | 35.1% |
| Free Cash Flow | $1.4B | $1.6B | $5.7B | -10.7% | -75.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $778M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $409M |
| Operating Expenses | $409M |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $369M |
| Interest Income | $66M |
| Interest Expense | $80M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $369M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $286M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $286M |
| D&A | $0 |
| EBIT | $449M |
| EBITDA | $449M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $778M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $409M |
| Operating Expenses | $409M |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $369M |
| Interest Income | $66M |
| Interest Expense | $80M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $369M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $286M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $286M |
| D&A | $0 |
| EBIT | $449M |
| EBITDA | $449M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $286M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9.8B |
| Sales/Maturities of Investments | $8.1B |
| Other Investing Activities | $28M |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $690M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | $2.1B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.9B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $105.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.7B |
| TOTAL NON-CURRENT ASSETS | $119.3B |
| TOTAL ASSETS | $128.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.3B |
| Other Non-Current Liabilities | $108.7B |
| TOTAL NON-CURRENT LIABILITIES | $116.7B |
| TOTAL LIABILITIES | $116.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $9.4B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | $1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.4B |
| Minority Interest | $90M |
| TOTAL EQUITY | $11.5B |
| TOTAL LIABILITIES & EQUITY | $128.2B |
| Total Debt | $5.7B |
| Net Debt | $583M |
