| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $976M | $1.0B | 15.6% | 9.4% |
| Op. Income | $257M | $221M | $222M | 16.3% | 15.8% |
| Gross Margin | 44.1% | 46.5% | 42.9% | -2.4pp | 1.3pp |
| Net Margin | 18.9% | 15.4% | 15.3% | 3.5pp | 3.6pp |
| EPS (Diluted) | $0.83 | $0.58 | $0.62 | 43.1% | 33.9% |
| Free Cash Flow | -$333M | -$561M | -$203M | 40.6% | -64.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $630M |
| GROSS PROFIT | $498M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $241M |
| Operating Expenses | $241M |
| Cost & Expenses | $871M |
| OPERATING INCOME | $257M |
| Interest Income | $0 |
| Interest Expense | $119M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | -$47M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $211M |
| EBIT | $285M |
| EBITDA | $496M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $630M |
| GROSS PROFIT | $498M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $241M |
| Operating Expenses | $241M |
| Cost & Expenses | $871M |
| OPERATING INCOME | $257M |
| Interest Income | $0 |
| Interest Expense | $119M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | -$47M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $211M |
| EBIT | $285M |
| EBITDA | $496M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $213M |
| Depreciation & Amortization | $211M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$51M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$125M |
| OPERATING CASH FLOW | $249M |
| Capital Expenditure | -$582M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $178M |
| NET CASH FROM INVESTING | -$404M |
| Net Debt Issuance | $220M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$130M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $99M |
| FREE CASH FLOW | -$333M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $361M |
| Inventory | $265M |
| Other Current Assets | $318M |
| TOTAL CURRENT ASSETS | $969M |
| PP&E (Net) | $19.0B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $650M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $21.9B |
| TOTAL ASSETS | $22.9B |
| Account Payables | $405M |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $434M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $12.9B |
| TOTAL LIABILITIES | $15.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$13M |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $22.9B |
| Total Debt | $10.6B |
| Net Debt | $10.6B |
