| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $5.9B | $5.4B | -2.2% | 7.5% |
| Op. Income | $543M | $561M | $276M | -3.2% | 96.7% |
| Gross Margin | 35.2% | 35.4% | 31.5% | -0.3pp | 3.7pp |
| Net Margin | -1.3% | 5.1% | -4.0% | -6.4pp | 2.6pp |
| EPS (Diluted) | $-0.06 | $0.17 | $-0.17 | -135.1% | 64.9% |
| Free Cash Flow | $318M | $319M | -$369M | -0.3% | 186.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $848M |
| Other Expenses | $653M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $543M |
| Interest Income | $7M |
| Interest Expense | $377M |
| Other Income/Expenses | -$614M |
| INCOME BEFORE TAX | -$71M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$78M |
| D&A | $654M |
| EBIT | $306M |
| EBITDA | $957M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$78M |
| Depreciation & Amortization | $654M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $350M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $925M |
| Capital Expenditure | -$607M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$605M |
| Net Debt Issuance | -$468M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$222M |
| NET CASH FROM FINANCING | -$690M |
| FREE CASH FLOW | $318M |
| Net Change in Cash | -$375M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $833M |
| Short-Term Investments | $0 |
| Net Receivables | $543M |
| Inventory | $518M |
| Other Current Assets | $354M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $43.0B |
| Goodwill | $579M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $822M |
| TOTAL NON-CURRENT ASSETS | $45.6B |
| TOTAL ASSETS | $48.5B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $6.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.6B |
| Long-Term Debt | $25.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $27.8B |
| TOTAL LIABILITIES | $39.4B |
| Common Stock | $374M |
| Additional Paid-In Capital | $17.2B |
| Retained Earnings | $2.0B |
| Treasury Stock | -$8.4B |
| Accum. Other Comp. Income | -$2.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $48.5B |
| Total Debt | $28.4B |
| Net Debt | $27.6B |
