| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.6B | $13.7B | $12.6B | -8.1% | -0.2% |
| Op. Income | -$270M | $1.1B | $7M | -123.8% | -3957.1% |
| Gross Margin | 15.0% | 23.3% | 16.1% | -8.4pp | -1.1pp |
| Net Margin | -3.8% | 4.3% | -2.5% | -8.1pp | -1.3pp |
| EPS (Diluted) | $-0.72 | $0.82 | $-0.48 | -187.8% | -50.0% |
| Free Cash Flow | $1.6B | -$342M | $1.4B | 577.2% | 20.4% |
| Item | Amount |
|---|---|
| REVENUE | $12.6B |
| Cost of Revenue | $10.7B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $450M |
| General & Administrative | $0 |
| SG&A Expenses | $450M |
| Other Expenses | $1.7B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $12.8B |
| OPERATING INCOME | -$270M |
| Interest Income | $94M |
| Interest Expense | $428M |
| Other Income/Expenses | -$378M |
| INCOME BEFORE TAX | -$648M |
| Income Tax Expense | -$175M |
| Net Income from Continuing Ops | -$473M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$473M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$473M |
| D&A | $468M |
| EBIT | -$220M |
| EBITDA | $248M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$473M |
| Depreciation & Amortization | $468M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.5B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$824M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$1.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$186M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $132M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $835M |
| Short-Term Investments | $6.6B |
| Net Receivables | $1.9B |
| Inventory | $2.7B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $13.6B |
| PP&E (Net) | $38.8B |
| Goodwill | $4.1B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $2.7B |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $49.0B |
| TOTAL ASSETS | $62.6B |
| Account Payables | $3.1B |
| Short-Term Debt | $4.7B |
| Deferred Revenue | $12.6B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $26.1B |
| Long-Term Debt | $24.7B |
| Deferred Revenue NC | $6.7B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.5B |
| TOTAL NON-CURRENT LIABILITIES | $41.0B |
| TOTAL LIABILITIES | $67.1B |
| Common Stock | $7M |
| Additional Paid-In Capital | $7.3B |
| Retained Earnings | -$7.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4.5B |
| TOTAL LIABILITIES & EQUITY | $62.6B |
| Total Debt | $36.6B |
| Net Debt | $35.8B |
