| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.3B | $3.3B | -4.4% | -3.3% |
| Op. Income | $107M | $154M | $45M | -30.5% | 137.8% |
| Gross Margin | 47.0% | 48.8% | 49.8% | -1.8pp | -2.8pp |
| Net Margin | -6.3% | 2.6% | 1.7% | -8.9pp | -8.0pp |
| EPS (Diluted) | $-0.20 | $0.09 | $0.06 | -332.8% | -446.0% |
| Free Cash Flow | $304M | -$227M | $389M | 233.9% | -21.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $675M |
| SG&A Expenses | $675M |
| Other Expenses | $713M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $107M |
| Interest Income | $21M |
| Interest Expense | $347M |
| Other Income/Expenses | -$352M |
| INCOME BEFORE TAX | -$245M |
| Income Tax Expense | -$44M |
| Net Income from Continuing Ops | -$201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$201M |
| D&A | $713M |
| EBIT | $102M |
| EBITDA | $815M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$201M |
| Depreciation & Amortization | $713M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$168M |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $693M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$791M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | -$769M |
| Net Debt Issuance | -$223M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$90M |
| NET CASH FROM FINANCING | -$314M |
| FREE CASH FLOW | $304M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $124M |
| Other Current Assets | $262M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $20.6B |
| Goodwill | $2.0B |
| Intangible Assets | $4.7B |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $29.3B |
| TOTAL ASSETS | $33.5B |
| Account Payables | $773M |
| Short-Term Debt | $290M |
| Deferred Revenue | $876M |
| Other Current Liabilities | $998M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $17.3B |
| Deferred Revenue NC | $4.2B |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $5.4B |
| TOTAL NON-CURRENT LIABILITIES | $29.7B |
| TOTAL LIABILITIES | $33.2B |
| Common Stock | $19.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$18.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$700M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $289M |
| Minority Interest | $0 |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $33.5B |
| Total Debt | $17.9B |
| Net Debt | $16.0B |
