| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.5B | 1.1% | 3.5% |
| Op. Income | $160M | $212M | $145M | -24.3% | 10.2% |
| Gross Margin | 20.5% | 25.7% | 20.0% | -5.3pp | 0.5pp |
| Net Margin | 8.0% | 10.6% | 7.5% | -2.6pp | 0.5pp |
| EPS (Diluted) | $3.50 | $4.59 | $3.18 | -23.7% | 10.1% |
| Free Cash Flow | $37M | $211M | $56M | -82.4% | -33.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $166M |
| Operating Expenses | $166M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | -$1M |
| EBIT | $169M |
| EBITDA | $168M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $166M |
| Operating Expenses | $166M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | -$1M |
| EBIT | $169M |
| EBITDA | $168M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $128M |
| Depreciation & Amortization | -$1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$828M |
| Sales/Maturities of Investments | $717M |
| Other Investing Activities | $500.0K |
| NET CASH FROM INVESTING | -$112M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | -$120M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $315M |
| Short-Term Investments | $3.8B |
| Net Receivables | $3.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $0 |
| Goodwill | $179M |
| Intangible Assets | $657M |
| Long-Term Investments | $5.8B |
| Tax Assets | $142M |
| Other Non-Current Assets | $579M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $15.5B |
| Account Payables | $46M |
| Short-Term Debt | $62M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$726M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $723M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$723M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.4B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$345M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $15.5B |
| Total Debt | $784M |
| Net Debt | $469M |
