| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.7B | $3.3B | -3.3% | 8.9% |
| Op. Income | $539M | $728M | $574M | -26.0% | -6.2% |
| Gross Margin | 22.1% | 25.2% | 24.0% | -3.1pp | -1.8pp |
| Net Margin | 11.8% | 15.7% | 13.6% | -3.9pp | -1.8pp |
| EPS (Diluted) | $1.04 | $1.44 | $1.09 | -27.8% | -4.6% |
| Free Cash Flow | $728M | $796M | $692M | -8.6% | 5.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $785M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $247M |
| Operating Expenses | $247M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $539M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $539M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $417M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $418M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $418M |
| D&A | -$10M |
| EBIT | $570M |
| EBITDA | $561M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $785M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $247M |
| Operating Expenses | $247M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $539M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $539M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $417M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $418M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $418M |
| D&A | -$10M |
| EBIT | $570M |
| EBITDA | $561M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $418M |
| Depreciation & Amortization | -$10M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$44M |
| Change in Working Capital | $367M |
| OPERATING CASH FLOW | $744M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$924M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$81M |
| FREE CASH FLOW | $728M |
| Net Change in Cash | -$255M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $24.4B |
| Net Receivables | $7.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $34.4B |
| PP&E (Net) | $482M |
| Goodwill | $184M |
| Intangible Assets | $978M |
| Long-Term Investments | $4.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $884M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $41.3B |
| Account Payables | $647M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6.5B |
| Other Current Liabilities | $17.7B |
| TOTAL CURRENT LIABILITIES | $24.9B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.7B |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $32.4B |
| Common Stock | $159M |
| Additional Paid-In Capital | $993M |
| Retained Earnings | $12.7B |
| Treasury Stock | -$4.1B |
| Accum. Other Comp. Income | -$762M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $12M |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $41.3B |
| Total Debt | $2.8B |
| Net Debt | $1.1B |
