| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $843M | $886M | $887M | -4.9% | -4.9% |
| Op. Income | $139M | $89M | $129M | 56.2% | 7.5% |
| Gross Margin | 49.3% | 41.5% | 45.8% | 7.8pp | 3.5pp |
| Net Margin | 12.6% | 13.1% | 10.9% | -0.5pp | 1.7pp |
| EPS (Diluted) | $0.18 | $0.20 | $0.18 | -10.0% | 0.0% |
| Free Cash Flow | -$17M | $392M | $100M | -104.4% | -117.2% |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $427M |
| GROSS PROFIT | $416M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $155M |
| SG&A Expenses | $155M |
| Other Expenses | $121M |
| Operating Expenses | $277M |
| Cost & Expenses | $704M |
| OPERATING INCOME | $139M |
| Interest Income | $785M |
| Interest Expense | $365M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $18M |
| EBIT | $139M |
| EBITDA | $157M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $427M |
| GROSS PROFIT | $416M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $155M |
| SG&A Expenses | $155M |
| Other Expenses | $121M |
| Operating Expenses | $277M |
| Cost & Expenses | $704M |
| OPERATING INCOME | $139M |
| Interest Income | $785M |
| Interest Expense | $365M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $18M |
| EBIT | $139M |
| EBITDA | $157M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $68M |
| Change in Working Capital | -$216M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$434M |
| Sales/Maturities of Investments | $168M |
| Other Investing Activities | $91M |
| NET CASH FROM INVESTING | -$175M |
| Net Debt Issuance | -$287M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$63M |
| Other Financing Activities | -$112M |
| NET CASH FROM FINANCING | -$474M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$666M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $354M |
| Net Receivables | $238M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $678M |
| Goodwill | $1.9B |
| Intangible Assets | $121M |
| Long-Term Investments | $55.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $60.0B |
| TOTAL ASSETS | $61.9B |
| Account Payables | $0 |
| Short-Term Debt | $59M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50.0B |
| TOTAL CURRENT LIABILITIES | $50.0B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $984M |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $54.4B |
| Common Stock | $197M |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$128M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.5B |
| TOTAL LIABILITIES & EQUITY | $61.9B |
| Total Debt | $3.4B |
| Net Debt | $2.2B |
