| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.8B | — | 2.6% | — |
| Op. Income | -$903M | $127M | — | -811.0% | — |
| Gross Margin | 36.4% | 35.4% | — | 1.0pp | — |
| Net Margin | -35.8% | -1.7% | — | -34.1pp | — |
| EPS (Diluted) | $-3.98 | $-0.18 | — | -2111.1% | — |
| Free Cash Flow | -$52M | $208M | — | -125.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $164M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $461M |
| Other Expenses | $1.3B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | -$903M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | -$994M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | -$1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.0B |
| D&A | $236M |
| EBIT | -$923M |
| EBITDA | -$687M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$1.0B |
| Depreciation & Amortization | $236M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$61M |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$198M |
| OPERATING CASH FLOW | $127M |
| Capital Expenditure | -$179M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | $276M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$102M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $169M |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | $144M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $613M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $2.4B |
| Other Current Assets | $3.3B |
| TOTAL CURRENT ASSETS | $8.6B |
| PP&E (Net) | $4.4B |
| Goodwill | $8.0B |
| Intangible Assets | $6.4B |
| Long-Term Investments | $11M |
| Tax Assets | $259M |
| Other Non-Current Assets | $570M |
| TOTAL NON-CURRENT ASSETS | $19.6B |
| TOTAL ASSETS | $28.3B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $590M |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $7.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $766M |
| TOTAL NON-CURRENT LIABILITIES | $10.4B |
| TOTAL LIABILITIES | $15.1B |
| Common Stock | $35M |
| Additional Paid-In Capital | $19.9B |
| Retained Earnings | -$3.7B |
| Treasury Stock | -$942M |
| Accum. Other Comp. Income | -$2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.2B |
| Minority Interest | $36M |
| TOTAL EQUITY | $13.2B |
| TOTAL LIABILITIES & EQUITY | $28.3B |
| Total Debt | $9.9B |
| Net Debt | $9.3B |
