| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $398M | $529M | $412M | -24.7% | -3.4% |
| Op. Income | $41M | $134M | $37M | -69.1% | 12.2% |
| Gross Margin | 10.8% | 25.4% | 9.2% | -14.6pp | 1.7pp |
| Net Margin | 9.5% | 21.5% | 7.6% | -12.0pp | 1.9pp |
| EPS (Diluted) | $0.70 | $2.12 | $0.61 | -67.0% | 14.8% |
| Free Cash Flow | -$49M | -$16M | -$79M | -203.0% | 38.1% |
| Item | Amount |
|---|---|
| REVENUE | $398M |
| Cost of Revenue | $355M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2M |
| Operating Expenses | $2M |
| Cost & Expenses | $357M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $36M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $59M |
| EBIT | $71M |
| EBITDA | $130M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $398M |
| Cost of Revenue | $355M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2M |
| Operating Expenses | $2M |
| Cost & Expenses | $357M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $36M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $59M |
| EBIT | $71M |
| EBITDA | $130M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $136M |
| Capital Expenditure | -$185M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | -$161M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$47M |
| Other Financing Activities | -$838.0K |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $369M |
| Short-Term Investments | $0 |
| Net Receivables | $256M |
| Inventory | $245M |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $988M |
| PP&E (Net) | $6.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $161M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $8.3B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $307M |
| Short-Term Debt | $20M |
| Deferred Revenue | $165M |
| Other Current Liabilities | $159M |
| TOTAL CURRENT LIABILITIES | $701M |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $822M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $7M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $3.1B |
| Net Debt | $2.7B |
