| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.4B | $1.3B | -17.0% | -9.9% |
| Op. Income | $144M | $276M | $212M | -47.9% | -31.9% |
| Gross Margin | 20.8% | 29.5% | 25.7% | -8.8pp | -4.9pp |
| Net Margin | 1.9% | 5.2% | 8.0% | -3.4pp | -6.1pp |
| EPS (Diluted) | $0.16 | $0.54 | $0.75 | -70.4% | -78.7% |
| Free Cash Flow | $0 | $254M | $174M | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $932M |
| GROSS PROFIT | $244M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $144M |
| Interest Expense | $114M |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $993.6K |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $172M |
| EBIT | $140M |
| EBITDA | $312M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $932M |
| GROSS PROFIT | $244M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $144M |
| Interest Expense | $114M |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $993.6K |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $172M |
| EBIT | $140M |
| EBITDA | $312M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $172M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $71M |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $180M |
| Capital Expenditure | -$180M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$76M |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | -$107M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $236.7K |
| NET CASH FROM FINANCING | -$106M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $840M |
| Short-Term Investments | $0 |
| Net Receivables | $590M |
| Inventory | $151M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $3.4B |
| Goodwill | $504M |
| Intangible Assets | $575M |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $431M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $1.2B |
| Short-Term Debt | $465M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $121M |
| Other Non-Current Liabilities | $752M |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | -$2.2B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$874M |
| Minority Interest | $2M |
| TOTAL EQUITY | -$874M |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $3.9B |
| Net Debt | $3.1B |
