| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.4B | $4.4B | 3.1% | 3.3% |
| Op. Income | $217M | $219M | $167M | -0.7% | 30.1% |
| Gross Margin | 8.8% | 9.0% | 8.2% | -0.2pp | 0.6pp |
| Net Margin | 2.3% | 2.8% | 0.6% | -0.5pp | 1.7pp |
| EPS (Diluted) | $0.39 | $-0.52 | $0.11 | 175.0% | 254.5% |
| Free Cash Flow | -$707M | $882M | -$773M | -180.1% | 8.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $401M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $113M |
| Operating Expenses | $184M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $217M |
| Interest Income | $0 |
| Interest Expense | $76M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $141M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $113M |
| EBIT | $217M |
| EBITDA | $330M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $401M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $113M |
| Operating Expenses | $184M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $217M |
| Interest Income | $0 |
| Interest Expense | $76M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $141M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $113M |
| EBIT | $217M |
| EBITDA | $330M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$841M |
| OPERATING CASH FLOW | -$587M |
| Capital Expenditure | -$120M |
| Acquisitions (Net) | -$111M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $388.0K |
| NET CASH FROM INVESTING | -$231M |
| Net Debt Issuance | $695M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$36M |
| NET CASH FROM FINANCING | $643M |
| FREE CASH FLOW | -$707M |
| Net Change in Cash | -$194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $484M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $367M |
| Other Current Assets | $243M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $2.3B |
| Goodwill | $4.7B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $592M |
| TOTAL NON-CURRENT ASSETS | $9.4B |
| TOTAL ASSETS | $12.7B |
| Account Payables | $1.1B |
| Short-Term Debt | $943M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $397M |
| Other Non-Current Liabilities | $497M |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | $315M |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$161M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $10M |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $6.2B |
| Net Debt | $5.7B |
