| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $662M | $873M | $637M | -24.2% | 3.9% |
| Op. Income | $152M | $292M | $134M | -48.1% | 13.4% |
| Gross Margin | 58.2% | 60.1% | 58.9% | -1.9pp | -0.7pp |
| Net Margin | 18.3% | 26.5% | 16.0% | -8.2pp | 2.3pp |
| EPS (Diluted) | $2.03 | $3.88 | $1.72 | -47.7% | 18.0% |
| Free Cash Flow | $234M | $188M | $234M | 24.3% | -0.2% |
| Item | Amount |
|---|---|
| REVENUE | $662M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $385M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $12M |
| Operating Expenses | $233M |
| Cost & Expenses | $510M |
| OPERATING INCOME | $152M |
| Interest Income | $4M |
| Interest Expense | $14M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $49M |
| EBIT | $157M |
| EBITDA | $207M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $662M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $385M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $12M |
| Operating Expenses | $233M |
| Cost & Expenses | $510M |
| OPERATING INCOME | $152M |
| Interest Income | $4M |
| Interest Expense | $14M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $49M |
| EBIT | $157M |
| EBITDA | $207M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $121M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $74M |
| OPERATING CASH FLOW | $260M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$506.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$170M |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | -$173M |
| FREE CASH FLOW | $234M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $383M |
| Short-Term Investments | $0 |
| Net Receivables | $713M |
| Inventory | $511M |
| Other Current Assets | $132M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $721M |
| Goodwill | $1.3B |
| Intangible Assets | $561M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $270M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $102M |
| Short-Term Debt | $100M |
| Deferred Revenue | $340M |
| Other Current Liabilities | $207M |
| TOTAL CURRENT LIABILITIES | $961M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $259M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $9.9B |
| Treasury Stock | -$10.2B |
| Accum. Other Comp. Income | -$150M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $1.5B |
| Net Debt | $1.2B |
