| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.7B | $5.5B | $6.0B | 22.7% | 11.1% |
| Op. Income | $1.5B | $1.1B | $1.1B | 39.9% | 37.9% |
| Gross Margin | 42.4% | 43.6% | 39.1% | -1.3pp | 3.3pp |
| Net Margin | 13.5% | 11.8% | 10.9% | 1.7pp | 2.6pp |
| EPS (Diluted) | $0.90 | $0.64 | $0.66 | 40.6% | 36.4% |
| Free Cash Flow | -$746M | -$510M | -$775M | -46.3% | 3.7% |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $510M |
| Other Income/Expenses | -$458M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $170M |
| Net Income from Continuing Ops | $908M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $908M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $908M |
| D&A | $905M |
| EBIT | $1.6B |
| EBITDA | $2.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $510M |
| Other Income/Expenses | -$458M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $170M |
| Net Income from Continuing Ops | $908M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $908M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $908M |
| D&A | $905M |
| EBIT | $1.6B |
| EBITDA | $2.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $908M |
| Depreciation & Amortization | $905M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $467M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$1.9B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | $1.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$403M |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | -$746M |
| Net Change in Cash | $643M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $4.0B |
| Inventory | $833M |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $79.2B |
| Goodwill | $6.6B |
| Intangible Assets | $0 |
| Long-Term Investments | $289M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.6B |
| TOTAL NON-CURRENT ASSETS | $100.7B |
| TOTAL ASSETS | $109.5B |
| Account Payables | $2.7B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $470M |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $8.1B |
| Long-Term Debt | $45.7B |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $13.1B |
| Other Non-Current Liabilities | $14.9B |
| TOTAL NON-CURRENT LIABILITIES | $73.8B |
| TOTAL LIABILITIES | $81.9B |
| Common Stock | $21.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.9B |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | -$718M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.6B |
| TOTAL LIABILITIES & EQUITY | $109.5B |
| Total Debt | $48.3B |
| Net Debt | $47.3B |
