| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.0B | $2.2B | 23.0% | 12.5% |
| Op. Income | $494M | $425M | $412M | 16.2% | 19.9% |
| Gross Margin | 42.7% | 44.1% | 43.0% | -1.4pp | -0.3pp |
| Net Margin | 12.4% | 13.3% | 13.2% | -0.9pp | -0.8pp |
| EPS (Diluted) | $1.01 | $0.88 | $0.96 | 14.8% | 5.2% |
| Free Cash Flow | $112M | -$515M | $343M | 121.7% | -67.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $550M |
| Operating Expenses | $550M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $494M |
| Interest Income | $1M |
| Interest Expense | $187M |
| Other Income/Expenses | -$136M |
| INCOME BEFORE TAX | $358M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $295M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $304M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $302M |
| D&A | $388M |
| EBIT | $545M |
| EBITDA | $933M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $550M |
| Operating Expenses | $550M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $494M |
| Interest Income | $1M |
| Interest Expense | $187M |
| Other Income/Expenses | -$136M |
| INCOME BEFORE TAX | $358M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $295M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $304M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $302M |
| D&A | $388M |
| EBIT | $545M |
| EBITDA | $933M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $304M |
| Depreciation & Amortization | $388M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $60M |
| Other Non-Cash Items | -$55M |
| Change in Working Capital | $303M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$888M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$918M |
| Net Debt Issuance | $418M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$166M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $266M |
| FREE CASH FLOW | $112M |
| Net Change in Cash | $348M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $465M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $580M |
| Other Current Assets | $234M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $27.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $71M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.5B |
| TOTAL NON-CURRENT ASSETS | $33.5B |
| TOTAL ASSETS | $36.3B |
| Account Payables | $951M |
| Short-Term Debt | $707M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $327M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $16.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.1B |
| Other Non-Current Liabilities | $5.4B |
| TOTAL NON-CURRENT LIABILITIES | $24.7B |
| TOTAL LIABILITIES | $27.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $588M |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $36.3B |
| Total Debt | $17.0B |
| Net Debt | $16.5B |
