| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.5B | — | -3.3% | — |
| Op. Income | $1.0B | $1.2B | — | -14.0% | — |
| Gross Margin | 30.4% | 34.2% | — | -3.8pp | — |
| Net Margin | 18.9% | 20.7% | — | -1.8pp | — |
| EPS (Diluted) | $0.34 | $0.38 | — | -10.5% | — |
| Free Cash Flow | $536M | $550M | — | -2.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $1.0B |
| Interest Income | $0 |
| Interest Expense | $209M |
| Other Income/Expenses | -$183M |
| INCOME BEFORE TAX | $858M |
| Income Tax Expense | $212M |
| Net Income from Continuing Ops | $646M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $646M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $646M |
| D&A | $425M |
| EBIT | $1.1B |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $1.0B |
| Interest Income | $0 |
| Interest Expense | $209M |
| Other Income/Expenses | -$183M |
| INCOME BEFORE TAX | $858M |
| Income Tax Expense | $212M |
| Net Income from Continuing Ops | $646M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $646M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $646M |
| D&A | $425M |
| EBIT | $1.1B |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $646M |
| Depreciation & Amortization | $425M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $175M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$719M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $67M |
| Other Investing Activities | -$714M |
| NET CASH FROM INVESTING | -$647M |
| Net Debt Issuance | $598M |
| Common Stock Repurchased | -$751M |
| Common Dividends Paid | -$245M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$402M |
| FREE CASH FLOW | $536M |
| Net Change in Cash | $206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $8M |
| Net Receivables | $1.3B |
| Inventory | $438M |
| Other Current Assets | $87M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $36.3B |
| Goodwill | $0 |
| Intangible Assets | $430M |
| Long-Term Investments | $2.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $868M |
| TOTAL NON-CURRENT ASSETS | $40.2B |
| TOTAL ASSETS | $43.2B |
| Account Payables | $1.3B |
| Short-Term Debt | $605M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $425M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $18.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.7B |
| Other Non-Current Liabilities | $854M |
| TOTAL NON-CURRENT LIABILITIES | $27.6B |
| TOTAL LIABILITIES | $31.0B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $864M |
| Retained Earnings | $9.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$227M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.2B |
| Minority Interest | $5M |
| TOTAL EQUITY | $12.2B |
| TOTAL LIABILITIES & EQUITY | $43.2B |
| Total Debt | $19.6B |
| Net Debt | $18.5B |
