| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.3B | $1.5B | 51.8% | 32.6% |
| Op. Income | $676M | $175M | $319M | 287.0% | 111.7% |
| Gross Margin | 50.9% | 37.0% | 40.9% | 14.0pp | 10.0pp |
| Net Margin | 22.5% | 9.8% | 11.1% | 12.6pp | 11.3pp |
| EPS (Diluted) | $1.43 | $0.38 | $0.53 | 276.9% | 168.5% |
| Free Cash Flow | -$18M | -$171M | -$23M | 89.3% | 21.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $960M |
| GROSS PROFIT | $996M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $320M |
| Operating Expenses | $320M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $676M |
| Interest Income | $0 |
| Interest Expense | $186M |
| Other Income/Expenses | -$150M |
| INCOME BEFORE TAX | $526M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $439M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $439M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $426M |
| D&A | $235M |
| EBIT | $676M |
| EBITDA | $911M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $960M |
| GROSS PROFIT | $996M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $320M |
| Operating Expenses | $320M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $676M |
| Interest Income | $0 |
| Interest Expense | $186M |
| Other Income/Expenses | -$150M |
| INCOME BEFORE TAX | $526M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $439M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $439M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $426M |
| D&A | $235M |
| EBIT | $676M |
| EBITDA | $911M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $439M |
| Depreciation & Amortization | $235M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $100M |
| Other Non-Cash Items | -$238M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $511M |
| Capital Expenditure | -$529M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$517M |
| Net Debt Issuance | $190M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$102M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $90M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $225M |
| Short-Term Investments | $0 |
| Net Receivables | $938M |
| Inventory | $552M |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $19.5B |
| Goodwill | $4.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $476M |
| Tax Assets | $229M |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $29.0B |
| TOTAL ASSETS | $31.9B |
| Account Payables | $1.4B |
| Short-Term Debt | $681M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $14.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $18.7B |
| TOTAL LIABILITIES | $21.8B |
| Common Stock | $6.7B |
| Additional Paid-In Capital | $61M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $911M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $10M |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $31.9B |
| Total Debt | $14.7B |
| Net Debt | $14.5B |
