| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.9B | $1.8B | 8.0% | 15.5% |
| Op. Income | $430M | $198M | $371M | 117.2% | 15.9% |
| Gross Margin | 44.9% | 40.9% | 47.7% | 4.0pp | -2.9pp |
| Net Margin | 13.8% | 10.7% | 14.4% | 3.1pp | -0.6pp |
| EPS (Diluted) | $1.07 | $0.77 | $0.98 | 39.0% | 9.2% |
| Free Cash Flow | -$651M | -$507M | -$410M | -28.4% | -58.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $941M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $511M |
| Operating Expenses | $511M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $430M |
| Interest Income | $11M |
| Interest Expense | $175M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $340M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $289M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $289M |
| D&A | $415M |
| EBIT | $515M |
| EBITDA | $930M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $941M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $511M |
| Operating Expenses | $511M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $430M |
| Interest Income | $11M |
| Interest Expense | $175M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $340M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $289M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $289M |
| D&A | $415M |
| EBIT | $515M |
| EBITDA | $930M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $290M |
| Depreciation & Amortization | $415M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $116M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$393M |
| OPERATING CASH FLOW | $431M |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$107M |
| Sales/Maturities of Investments | $93M |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $907M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$191M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | $704M |
| FREE CASH FLOW | -$651M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $669M |
| Other Current Assets | $516M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $37.0B |
| Goodwill | $411M |
| Intangible Assets | $0 |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $43.2B |
| TOTAL ASSETS | $45.7B |
| Account Payables | $702M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $223M |
| Other Current Liabilities | $510M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $18.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.8B |
| Other Non-Current Liabilities | $7.3B |
| TOTAL NON-CURRENT LIABILITIES | $30.5B |
| TOTAL LIABILITIES | $33.3B |
| Common Stock | $3M |
| Additional Paid-In Capital | $7.5B |
| Retained Earnings | $4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.2B |
| Minority Interest | $129M |
| TOTAL EQUITY | $12.3B |
| TOTAL LIABILITIES & EQUITY | $45.7B |
| Total Debt | $19.6B |
| Net Debt | $19.6B |
