| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | — | $1.8B | — | 30.5% |
| Op. Income | $379M | — | $313M | — | 20.8% |
| Gross Margin | 38.8% | — | 40.1% | — | -1.3pp |
| Net Margin | 10.8% | — | 6.9% | — | 3.9pp |
| EPS (Diluted) | $0.40 | — | $0.22 | — | 81.8% |
| Free Cash Flow | $587M | — | $393M | — | 49.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $926M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $64M |
| SG&A Expenses | $64M |
| Other Expenses | $484M |
| Operating Expenses | $548M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $379M |
| Interest Income | $0 |
| Interest Expense | $145M |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | -$950.0K |
| BOTTOM LINE NET INCOME | $259M |
| D&A | $500M |
| EBIT | $344M |
| EBITDA | $843M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $926M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $64M |
| SG&A Expenses | $64M |
| Other Expenses | $484M |
| Operating Expenses | $548M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $379M |
| Interest Income | $0 |
| Interest Expense | $145M |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | -$950.0K |
| BOTTOM LINE NET INCOME | $259M |
| D&A | $500M |
| EBIT | $344M |
| EBITDA | $843M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $257M |
| Depreciation & Amortization | $500M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | -$136M |
| OPERATING CASH FLOW | $599M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$2.0B |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $44M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | -$134M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$432M |
| Other Financing Activities | -$118M |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | $587M |
| Net Change in Cash | -$101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $0 |
| Net Receivables | $3.6B |
| Inventory | $0 |
| Other Current Assets | $108M |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $693M |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $42.4B |
| TOTAL NON-CURRENT ASSETS | $46.1B |
| TOTAL ASSETS | $53.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $15.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $17.0B |
| TOTAL LIABILITIES | $18.7B |
| Common Stock | $652M |
| Additional Paid-In Capital | $42.0B |
| Retained Earnings | -$8.4B |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$310M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34.0B |
| Minority Interest | $625M |
| TOTAL EQUITY | $34.6B |
| TOTAL LIABILITIES & EQUITY | $53.3B |
| Total Debt | $17.0B |
| Net Debt | $13.5B |
