| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | — | -13.4% | — |
| Op. Income | $151M | -$701M | — | 121.5% | — |
| Gross Margin | 22.4% | 24.5% | — | -2.1pp | — |
| Net Margin | 13.2% | -39.9% | — | 53.1pp | — |
| EPS (Diluted) | $0.38 | $-1.32 | — | 128.8% | — |
| Free Cash Flow | $165M | $322M | — | -48.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $355M |
| R&D Expenses | $127M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $77M |
| Operating Expenses | $204M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $151M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $44M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $339M |
| EBIT | $151M |
| EBITDA | $490M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $355M |
| R&D Expenses | $127M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $77M |
| Operating Expenses | $204M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $151M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $44M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $339M |
| EBIT | $151M |
| EBITDA | $490M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $211M |
| Depreciation & Amortization | $352M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$64M |
| Other Non-Cash Items | -$66M |
| Change in Working Capital | -$144M |
| OPERATING CASH FLOW | $331M |
| Capital Expenditure | -$166M |
| Acquisitions (Net) | -$19M |
| Purchases of Investments | -$397M |
| Sales/Maturities of Investments | $336M |
| Other Investing Activities | $35M |
| NET CASH FROM INVESTING | -$211M |
| Net Debt Issuance | -$733M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$717M |
| FREE CASH FLOW | $165M |
| Net Change in Cash | -$596M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $1.3B |
| Net Receivables | $1.4B |
| Inventory | $1.8B |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $8.1B |
| Goodwill | $0 |
| Intangible Assets | $739M |
| Long-Term Investments | $820M |
| Tax Assets | $250M |
| Other Non-Current Assets | $440M |
| TOTAL NON-CURRENT ASSETS | $10.4B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $430M |
| Short-Term Debt | $57M |
| Deferred Revenue | $922M |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $981M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $469M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $11M |
| Additional Paid-In Capital | $24.0B |
| Retained Earnings | -$13.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.1B |
| Minority Interest | $50M |
| TOTAL EQUITY | $11.1B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $1.6B |
| Net Debt | $35M |
