| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.7B | $5.3B | -3.2% | 3.4% |
| Op. Income | $822M | $960M | $598M | -14.4% | 37.5% |
| Gross Margin | 59.6% | 59.9% | 58.6% | -0.4pp | 1.0pp |
| Net Margin | 11.7% | 13.8% | 8.7% | -2.1pp | 3.0pp |
| EPS (Diluted) | $2.04 | $2.46 | $1.37 | -17.1% | 48.9% |
| Free Cash Flow | $2.2B | -$7.7B | -$1.1B | 128.3% | 302.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $1.2B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $822M |
| Interest Income | $2.9B |
| Interest Expense | $2.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $822M |
| Income Tax Expense | $178M |
| Net Income from Continuing Ops | $644M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $644M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $597M |
| D&A | $88M |
| EBIT | $822M |
| EBITDA | $910M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $1.2B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $822M |
| Interest Income | $2.9B |
| Interest Expense | $2.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $822M |
| Income Tax Expense | $178M |
| Net Income from Continuing Ops | $644M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $644M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $597M |
| D&A | $88M |
| EBIT | $822M |
| EBITDA | $910M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $644M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $168M |
| Change in Working Capital | $1.5B |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$226M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18.5B |
| Sales/Maturities of Investments | $13.2B |
| Other Investing Activities | -$9.1B |
| NET CASH FROM INVESTING | -$14.6B |
| Net Debt Issuance | $3.4B |
| Common Stock Repurchased | -$157M |
| Common Dividends Paid | -$220M |
| Other Financing Activities | $10.0B |
| NET CASH FROM FINANCING | $13.7B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124.1B |
| Short-Term Investments | $21.1B |
| Net Receivables | $5.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $151.9B |
| PP&E (Net) | $3.6B |
| Goodwill | $7.8B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $137.8B |
| Tax Assets | $646M |
| Other Non-Current Assets | $69.9B |
| TOTAL NON-CURRENT ASSETS | $220.7B |
| TOTAL ASSETS | $372.7B |
| Account Payables | $0 |
| Short-Term Debt | $15.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $272.1B |
| TOTAL CURRENT LIABILITIES | $287.4B |
| Long-Term Debt | $24.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33.7B |
| TOTAL NON-CURRENT LIABILITIES | $58.6B |
| TOTAL LIABILITIES | $346.0B |
| Common Stock | $504M |
| Additional Paid-In Capital | $10.7B |
| Retained Earnings | $30.0B |
| Treasury Stock | -$16.2B |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.7B |
| TOTAL LIABILITIES & EQUITY | $372.7B |
| Total Debt | $40.2B |
| Net Debt | -$83.9B |
