| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $4.1B | $3.4B | -16.5% | 2.2% |
| Op. Income | $260M | $259M | $205M | 0.4% | 26.8% |
| Gross Margin | 41.8% | 38.9% | 41.2% | 3.0pp | 0.6pp |
| Net Margin | 5.6% | 5.0% | 4.7% | 0.6pp | 0.9pp |
| EPS (Diluted) | $0.51 | $0.54 | $0.41 | -5.6% | 24.4% |
| Free Cash Flow | -$223M | $499M | -$63M | -144.7% | -254.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.2B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $260M |
| Interest Income | $26M |
| Interest Expense | $23M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $263M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $193M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $121M |
| EBIT | $286M |
| EBITDA | $407M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.2B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $260M |
| Interest Income | $26M |
| Interest Expense | $23M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $263M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $193M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $121M |
| EBIT | $286M |
| EBITDA | $407M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $193M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$498M |
| OPERATING CASH FLOW | -$140M |
| Capital Expenditure | -$83M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$78M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | -$61M |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$153M |
| FREE CASH FLOW | -$223M |
| Net Change in Cash | -$361M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $244M |
| Net Receivables | $0 |
| Inventory | $2.1B |
| Other Current Assets | $567M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $5.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $916M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $11.6B |
| Account Payables | $1.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $537M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $8.2B |
| Common Stock | $19M |
| Additional Paid-In Capital | $91M |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $11.6B |
| Total Debt | $5.5B |
| Net Debt | $3.5B |
