| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.3B | $2.6B | 29.1% | 11.5% |
| Op. Income | $649M | $483M | $616M | 34.4% | 5.4% |
| Gross Margin | 27.5% | 43.1% | 42.9% | -15.6pp | -15.4pp |
| Net Margin | 10.2% | 11.0% | 13.4% | -0.8pp | -3.2pp |
| EPS (Diluted) | $0.45 | $0.38 | $0.55 | 18.4% | -18.2% |
| Free Cash Flow | -$628M | -$1.1B | -$307M | 44.1% | -104.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $803M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $154M |
| Operating Expenses | $154M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $649M |
| Interest Income | $0 |
| Interest Expense | $238M |
| Other Income/Expenses | -$271M |
| INCOME BEFORE TAX | $378M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $297M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $297M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $297M |
| D&A | $363M |
| EBIT | $616M |
| EBITDA | $979M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $803M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $154M |
| Operating Expenses | $154M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $649M |
| Interest Income | $0 |
| Interest Expense | $238M |
| Other Income/Expenses | -$271M |
| INCOME BEFORE TAX | $378M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $297M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $297M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $297M |
| D&A | $363M |
| EBIT | $616M |
| EBITDA | $979M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $297M |
| Depreciation & Amortization | $363M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $45M |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | -$276M |
| OPERATING CASH FLOW | $410M |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $1.2B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$415M |
| NET CASH FROM INVESTING | -$234M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$143M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | -$628M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $640M |
| Net Receivables | $1.4B |
| Inventory | $608M |
| Other Current Assets | $281M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $33.1B |
| Goodwill | $3.9B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $40.4B |
| TOTAL ASSETS | $44.5B |
| Account Payables | $1.0B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $94M |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $20.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.5B |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $29.1B |
| TOTAL LIABILITIES | $33.5B |
| Common Stock | $6M |
| Additional Paid-In Capital | $9.1B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.0B |
| TOTAL LIABILITIES & EQUITY | $44.5B |
| Total Debt | $22.2B |
| Net Debt | $20.9B |
