| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.2B | 2.3% | 10.3% |
| Op. Income | $139M | $119M | $103M | 16.6% | 35.4% |
| Gross Margin | 13.0% | 100.0% | 10.8% | -87.0pp | 2.2pp |
| Net Margin | 8.6% | 7.6% | 7.1% | 0.9pp | 1.5pp |
| EPS (Diluted) | $1.76 | $1.52 | $1.31 | 15.8% | 34.4% |
| Free Cash Flow | $271M | $325M | $108M | -16.5% | 150.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $167M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $28M |
| Operating Expenses | $28M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $139M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $9M |
| EBIT | $148M |
| EBITDA | $158M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $167M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $28M |
| Operating Expenses | $28M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $139M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $9M |
| EBIT | $148M |
| EBITDA | $158M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $154M |
| OPERATING CASH FLOW | $284M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.7B |
| Sales/Maturities of Investments | $5.2B |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$585M |
| Net Debt Issuance | $395M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $346M |
| FREE CASH FLOW | $271M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124.0K |
| Short-Term Investments | $8.6B |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.1B |
| PP&E (Net) | $100M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $1.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.7B |
| TOTAL NON-CURRENT ASSETS | $108M |
| TOTAL ASSETS | $14.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $898M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.0B |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $212M |
| Additional Paid-In Capital | $571M |
| Retained Earnings | $3.2B |
| Treasury Stock | -$676M |
| Accum. Other Comp. Income | -$272M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $903M |
| Net Debt | $903M |
