| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $5.2B | $4.3B | -9.1% | 10.5% |
| Op. Income | $309M | $368M | $241M | -16.1% | 28.2% |
| Gross Margin | 15.8% | 15.6% | 14.7% | 0.3pp | 1.1pp |
| Net Margin | 5.1% | 5.8% | 4.3% | -0.7pp | 0.8pp |
| EPS (Diluted) | $0.10 | $0.13 | $0.08 | -20.8% | 26.2% |
| Free Cash Flow | -$523M | $121M | $82M | -532.2% | -736.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $749M |
| R&D Expenses | $242M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $198M |
| Other Expenses | $0 |
| Operating Expenses | $440M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $309M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $313M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $241M |
| Net Income Deductions | $10M |
| BOTTOM LINE NET INCOME | $231M |
| D&A | $505M |
| EBIT | $368M |
| EBITDA | $873M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $749M |
| R&D Expenses | $242M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $198M |
| Other Expenses | $0 |
| Operating Expenses | $440M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $309M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $313M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $241M |
| Net Income Deductions | $10M |
| BOTTOM LINE NET INCOME | $231M |
| D&A | $505M |
| EBIT | $368M |
| EBITDA | $873M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $241M |
| Depreciation & Amortization | $505M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $81M |
| Change in Working Capital | -$189M |
| OPERATING CASH FLOW | $638M |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $21M |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $516M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $524M |
| FREE CASH FLOW | -$523M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $520M |
| Net Receivables | $3.5B |
| Inventory | $1.9B |
| Other Current Assets | $492M |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $11.2B |
| Goodwill | $1.6B |
| Intangible Assets | $473M |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $15.7B |
| TOTAL ASSETS | $24.5B |
| Account Payables | $2.4B |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.7B |
| TOTAL CURRENT LIABILITIES | $8.5B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $749M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $13.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $9.9B |
| TOTAL STOCKHOLDERS' EQUITY | $9.9B |
| Minority Interest | $744M |
| TOTAL EQUITY | $10.6B |
| TOTAL LIABILITIES & EQUITY | $24.5B |
| Total Debt | $7.1B |
| Net Debt | $4.7B |
