| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $578M | $415M | $497M | 39.4% | 16.3% |
| Op. Income | $251M | $138M | $241M | 82.0% | 4.3% |
| Gross Margin | 38.6% | 36.6% | 48.1% | 2.0pp | -9.5pp |
| Net Margin | 31.3% | 28.5% | 40.1% | 2.7pp | -8.9pp |
| EPS (Diluted) | $0.81 | $0.53 | $0.90 | 52.8% | -10.0% |
| Free Cash Flow | -$728M | -$1.4B | $112M | 47.2% | -749.7% |
| Item | Amount |
|---|---|
| REVENUE | $578M |
| Cost of Revenue | $355M |
| GROSS PROFIT | $223M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$43M |
| Operating Expenses | -$28M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $251M |
| Interest Income | $2M |
| Interest Expense | $71M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $88M |
| EBIT | $254M |
| EBITDA | $342M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $578M |
| Cost of Revenue | $355M |
| GROSS PROFIT | $223M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$43M |
| Operating Expenses | -$28M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $251M |
| Interest Income | $2M |
| Interest Expense | $71M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $88M |
| EBIT | $254M |
| EBITDA | $342M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $146M |
| Change in Working Capital | -$67M |
| OPERATING CASH FLOW | $171M |
| Capital Expenditure | -$899M |
| Acquisitions (Net) | $174M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $174M |
| NET CASH FROM INVESTING | -$725M |
| Net Debt Issuance | $625M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$82M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $543M |
| FREE CASH FLOW | -$728M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $297M |
| Short-Term Investments | $6M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $536M |
| TOTAL CURRENT ASSETS | $840M |
| PP&E (Net) | $5.6B |
| Goodwill | $112M |
| Intangible Assets | $0 |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $0 |
| Short-Term Debt | $325M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $479M |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $460.0K |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $223M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | -$1.0B |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | -$472.0K |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $4.1B |
| Net Debt | $3.8B |
