| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.3B | $5.4B | 0.2% | -1.1% |
| Op. Income | $754M | $674M | $726M | 12.0% | 3.9% |
| Gross Margin | 48.2% | 48.6% | 47.2% | -0.3pp | 1.1pp |
| Net Margin | 9.5% | 9.1% | 9.4% | 0.4pp | 0.1pp |
| EPS (Diluted) | $2.00 | $1.90 | $1.97 | 5.3% | 1.5% |
| Free Cash Flow | -$250M | $635M | -$343M | -139.5% | 26.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $3M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $754M |
| Interest Income | $3M |
| Interest Expense | $108M |
| Other Income/Expenses | -$101M |
| INCOME BEFORE TAX | $653M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $504M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $504M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $504M |
| D&A | $161M |
| EBIT | $757M |
| EBITDA | $918M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $3M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $754M |
| Interest Income | $3M |
| Interest Expense | $108M |
| Other Income/Expenses | -$101M |
| INCOME BEFORE TAX | $653M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $504M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $504M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $504M |
| D&A | $161M |
| EBIT | $757M |
| EBITDA | $918M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $504M |
| Depreciation & Amortization | $161M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $171M |
| Change in Working Capital | -$905M |
| OPERATING CASH FLOW | -$61M |
| Capital Expenditure | -$189M |
| Acquisitions (Net) | -$82M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$45M |
| NET CASH FROM INVESTING | -$316M |
| Net Debt Issuance | $927M |
| Common Stock Repurchased | -$352M |
| Common Dividends Paid | -$200M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $367M |
| FREE CASH FLOW | -$250M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $2.5B |
| Other Current Assets | $512M |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $5.6B |
| Goodwill | $7.7B |
| Intangible Assets | $3.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $18.6B |
| TOTAL ASSETS | $24.6B |
| Account Payables | $2.5B |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.9B |
| Long-Term Debt | $7.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $586M |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $12.6B |
| TOTAL LIABILITIES | $20.5B |
| Common Stock | $93M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $7.5B |
| Treasury Stock | -$7.4B |
| Accum. Other Comp. Income | -$773M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $24.6B |
| Total Debt | $12.8B |
| Net Debt | $12.6B |
