| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.4B | $1.6B | -24.3% | 11.8% |
| Op. Income | $548M | $657M | $520M | -16.6% | 5.4% |
| Gross Margin | 46.8% | 44.4% | 50.1% | 2.4pp | -3.2pp |
| Net Margin | 14.2% | 17.9% | 19.6% | -3.8pp | -5.5pp |
| EPS (Diluted) | $0.90 | $1.49 | $1.10 | -39.6% | -18.2% |
| Free Cash Flow | $333M | $407M | $314M | -18.2% | 6.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $950M |
| GROSS PROFIT | $837M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $302M |
| SG&A Expenses | $302M |
| Other Expenses | -$13M |
| Operating Expenses | $289M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $548M |
| Interest Income | $0 |
| Interest Expense | $120M |
| Other Income/Expenses | -$119M |
| INCOME BEFORE TAX | $429M |
| Income Tax Expense | $176M |
| Net Income from Continuing Ops | $253M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $253M |
| D&A | $45M |
| EBIT | $549M |
| EBITDA | $594M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $950M |
| GROSS PROFIT | $837M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $302M |
| SG&A Expenses | $302M |
| Other Expenses | -$13M |
| Operating Expenses | $289M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $548M |
| Interest Income | $0 |
| Interest Expense | $120M |
| Other Income/Expenses | -$119M |
| INCOME BEFORE TAX | $429M |
| Income Tax Expense | $176M |
| Net Income from Continuing Ops | $253M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $253M |
| D&A | $45M |
| EBIT | $549M |
| EBITDA | $594M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $253M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $92M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $404M |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | $15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $19M |
| Common Stock Repurchased | -$229M |
| Common Dividends Paid | -$198M |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$443M |
| FREE CASH FLOW | $333M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $607M |
| Short-Term Investments | $0 |
| Net Receivables | $761M |
| Inventory | $0 |
| Other Current Assets | $204M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $2.2B |
| Goodwill | $746M |
| Intangible Assets | $418M |
| Long-Term Investments | $0 |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $477M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $1.2B |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $11.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $13.2B |
| TOTAL LIABILITIES | $14.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$7.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$371M |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | -$7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$7.8B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $11.4B |
| Net Debt | $10.8B |
