| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | — | $2.0B | — | 9.4% |
| Op. Income | $259M | — | $164M | — | 57.5% |
| Gross Margin | 20.8% | — | 16.7% | — | 4.1pp |
| Net Margin | 6.4% | — | 7.7% | — | -1.3pp |
| EPS (Diluted) | $0.33 | — | $0.35 | — | -5.7% |
| Free Cash Flow | $380M | — | -$179M | — | 312.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $465M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $206M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $259M |
| Interest Income | $13M |
| Interest Expense | $23M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $102M |
| EBIT | $259M |
| EBITDA | $361M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $465M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $206M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $259M |
| Interest Income | $13M |
| Interest Expense | $23M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $102M |
| EBIT | $259M |
| EBITDA | $361M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $142M |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $205M |
| OPERATING CASH FLOW | $442M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$84M |
| NET CASH FROM FINANCING | -$366M |
| FREE CASH FLOW | $380M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $8M |
| Net Receivables | $2.6B |
| Inventory | $1.3B |
| Other Current Assets | $343M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $3.1B |
| Goodwill | $0 |
| Intangible Assets | $488M |
| Long-Term Investments | $302M |
| Tax Assets | $263M |
| Other Non-Current Assets | $254M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $10.0B |
| Account Payables | $1.4B |
| Short-Term Debt | $653M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $793M |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $411M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $413M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $419M |
| Additional Paid-In Capital | $8.4B |
| Retained Earnings | -$4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $46M |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $10.0B |
| Total Debt | $1.9B |
| Net Debt | $665M |
