| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $5.4B | $6.2B | 26.1% | 10.2% |
| Op. Income | $451M | $972M | $813M | -53.6% | -44.5% |
| Gross Margin | 12.7% | 23.9% | 20.4% | -11.2pp | -7.8pp |
| Net Margin | 1.7% | 15.8% | 14.3% | -14.1pp | -12.6pp |
| EPS (Diluted) | $0.38 | $2.71 | $2.78 | -86.0% | -86.3% |
| Free Cash Flow | -$699M | -$1.7B | -$1.5B | 59.9% | 52.2% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $859M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $395M |
| Operating Expenses | $408M |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $451M |
| Interest Income | $0 |
| Interest Expense | $146M |
| Other Income/Expenses | -$300M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $640M |
| EBIT | $438M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $859M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $395M |
| Operating Expenses | $408M |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $451M |
| Interest Income | $0 |
| Interest Expense | $146M |
| Other Income/Expenses | -$300M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $640M |
| EBIT | $438M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $118M |
| Depreciation & Amortization | $640M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$98M |
| Other Non-Cash Items | $638M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$806M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.2B |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$886M |
| Net Debt Issuance | -$57M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$122M |
| Other Financing Activities | -$229M |
| NET CASH FROM FINANCING | -$408M |
| FREE CASH FLOW | -$699M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $3.6B |
| Inventory | $1.5B |
| Other Current Assets | $2.6B |
| TOTAL CURRENT ASSETS | $9.6B |
| PP&E (Net) | $21.6B |
| Goodwill | $420M |
| Intangible Assets | $0 |
| Long-Term Investments | $386M |
| Tax Assets | $0 |
| Other Non-Current Assets | $20.2B |
| TOTAL NON-CURRENT ASSETS | $42.6B |
| TOTAL ASSETS | $52.3B |
| Account Payables | $2.5B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.2B |
| Other Non-Current Liabilities | $21.8B |
| TOTAL NON-CURRENT LIABILITIES | $32.4B |
| TOTAL LIABILITIES | $38.9B |
| Common Stock | $11.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.0B |
| Minority Interest | $378M |
| TOTAL EQUITY | $13.3B |
| TOTAL LIABILITIES & EQUITY | $52.3B |
| Total Debt | $8.4B |
| Net Debt | $6.5B |
