| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.0B | $3.5B | 0.7% | 14.4% |
| Op. Income | $749M | $760M | $630M | -1.4% | 18.9% |
| Gross Margin | 87.5% | 85.8% | 85.1% | 1.7pp | 2.4pp |
| Net Margin | 15.1% | 15.2% | 14.3% | -0.2pp | 0.8pp |
| EPS (Diluted) | $2.86 | $2.86 | $2.32 | 0.0% | 23.3% |
| Free Cash Flow | $789M | $460M | $493M | 71.5% | 60.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $498M |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.3B |
| SG&A Expenses | $2.3B |
| Other Expenses | $463M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $749M |
| Interest Income | $1.0B |
| Interest Expense | $498M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $749M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $600M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $600M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $598M |
| D&A | $47M |
| EBIT | $749M |
| EBITDA | $796M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $498M |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.3B |
| SG&A Expenses | $2.3B |
| Other Expenses | $463M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $749M |
| Interest Income | $1.0B |
| Interest Expense | $498M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $749M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $600M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $600M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $598M |
| D&A | $47M |
| EBIT | $749M |
| EBITDA | $796M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $600M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | $35M |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | $88M |
| OPERATING CASH FLOW | $830M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$208M |
| Sales/Maturities of Investments | $584M |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$937M |
| Net Debt Issuance | -$160M |
| Common Stock Repurchased | -$185M |
| Common Dividends Paid | -$105M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$447M |
| FREE CASH FLOW | $789M |
| Net Change in Cash | -$768M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.0B |
| Short-Term Investments | $7.7B |
| Net Receivables | $4.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.4B |
| Intangible Assets | $419M |
| Long-Term Investments | $48.9B |
| Tax Assets | $651M |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $60.1B |
| TOTAL ASSETS | $82.3B |
| Account Payables | $5.7B |
| Short-Term Debt | $768M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56.7B |
| TOTAL CURRENT LIABILITIES | $63.2B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $70.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $12.4B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | -$655M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $6M |
| TOTAL EQUITY | $11.9B |
| TOTAL LIABILITIES & EQUITY | $82.3B |
| Total Debt | $3.9B |
| Net Debt | -$6.2B |
