| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $4.7B | $5.1B | 19.9% | 10.7% |
| Op. Income | $1.5B | $1.1B | $1.2B | 32.7% | 17.3% |
| Gross Margin | 33.3% | 31.5% | 32.4% | 1.8pp | 0.9pp |
| Net Margin | 14.2% | 14.1% | 19.7% | 0.1pp | -5.5pp |
| EPS (Diluted) | $1.50 | $1.25 | $1.90 | 20.0% | -21.1% |
| Free Cash Flow | -$686M | -$776M | -$353M | 11.6% | -94.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $422M |
| Operating Expenses | $422M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $496M |
| Other Income/Expenses | -$530M |
| INCOME BEFORE TAX | $928M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $802M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $800M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $800M |
| D&A | $833M |
| EBIT | $1.4B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $422M |
| Operating Expenses | $422M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $496M |
| Other Income/Expenses | -$530M |
| INCOME BEFORE TAX | $928M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $802M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $800M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $800M |
| D&A | $833M |
| EBIT | $1.4B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $802M |
| Depreciation & Amortization | $833M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $77M |
| Other Non-Cash Items | -$136M |
| Change in Working Capital | -$126M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$2.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$603M |
| Sales/Maturities of Investments | $587M |
| Other Investing Activities | -$2.0B |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$501M |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | $698M |
| FREE CASH FLOW | -$686M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $207M |
| Net Receivables | $2.6B |
| Inventory | $1.6B |
| Other Current Assets | $949M |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $84.1B |
| Goodwill | $53M |
| Intangible Assets | $0 |
| Long-Term Investments | $4.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.4B |
| TOTAL NON-CURRENT ASSETS | $98.5B |
| TOTAL ASSETS | $104.4B |
| Account Payables | $2.4B |
| Short-Term Debt | $7.5B |
| Deferred Revenue | $468M |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $14.2B |
| Long-Term Debt | $38.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $10.2B |
| Other Non-Current Liabilities | $13.3B |
| TOTAL NON-CURRENT LIABILITIES | $62.8B |
| TOTAL LIABILITIES | $77.0B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $9.7B |
| Retained Earnings | $14.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.3B |
| Minority Interest | $43M |
| TOTAL EQUITY | $27.4B |
| TOTAL LIABILITIES & EQUITY | $104.4B |
| Total Debt | $46.9B |
| Net Debt | $46.7B |
