| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $984M | $1.1B | $1.0B | -7.0% | -6.2% |
| Op. Income | $177M | $178M | $192M | -0.4% | -7.7% |
| Gross Margin | 37.0% | 37.5% | 38.9% | -0.4pp | -1.8pp |
| Net Margin | 12.6% | 36.4% | 13.6% | -23.9pp | -1.0pp |
| EPS (Diluted) | $0.36 | $1.13 | $0.41 | -68.1% | -12.2% |
| Free Cash Flow | $124M | $95M | $59M | 30.0% | 110.2% |
| Item | Amount |
|---|---|
| REVENUE | $984M |
| Cost of Revenue | $619M |
| GROSS PROFIT | $364M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $187M |
| Cost & Expenses | $806M |
| OPERATING INCOME | $177M |
| Interest Income | $2M |
| Interest Expense | $33M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $42M |
| EBIT | $180M |
| EBITDA | $222M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $984M |
| Cost of Revenue | $619M |
| GROSS PROFIT | $364M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $187M |
| Cost & Expenses | $806M |
| OPERATING INCOME | $177M |
| Interest Income | $2M |
| Interest Expense | $33M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $42M |
| EBIT | $180M |
| EBITDA | $222M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $124M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$128M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | -$111M |
| Net Debt Issuance | -$150M |
| Common Stock Repurchased | -$77M |
| Common Dividends Paid | -$82M |
| Other Financing Activities | -$388M |
| NET CASH FROM FINANCING | -$697M |
| FREE CASH FLOW | $124M |
| Net Change in Cash | -$660M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.4B |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $77M |
| Goodwill | $2.1B |
| Intangible Assets | $300M |
| Long-Term Investments | $0 |
| Tax Assets | $256M |
| Other Non-Current Assets | $835M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $376M |
| Short-Term Debt | $350M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $161M |
| Other Non-Current Liabilities | $277M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$142M |
| Other Equity | $1.1B |
| TOTAL STOCKHOLDERS' EQUITY | $939M |
| Minority Interest | $0 |
| TOTAL EQUITY | $939M |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $2.8B |
| Net Debt | $1.3B |
