| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $828M | $977M | $1.2B | -15.3% | -28.7% |
| Op. Income | -$5M | $26M | $88M | -119.2% | -105.7% |
| Gross Margin | 15.2% | 21.1% | 23.7% | -5.9pp | -8.4pp |
| Net Margin | -0.2% | 2.5% | 6.3% | -2.7pp | -6.5pp |
| EPS (Diluted) | $-0.02 | $0.22 | $0.64 | -108.9% | -103.1% |
| Free Cash Flow | $71M | $8M | $182M | 787.5% | -61.0% |
| Item | Amount |
|---|---|
| REVENUE | $828M |
| Cost of Revenue | $702M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | $82M |
| Operating Expenses | $131M |
| Cost & Expenses | $833M |
| OPERATING INCOME | -$5M |
| Interest Income | $802M |
| Interest Expense | $672M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $0 |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $83M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $661M |
| NET CASH FROM INVESTING | $661M |
| Net Debt Issuance | -$720M |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$780M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $642M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $34M |
| Goodwill | $437M |
| Intangible Assets | $0 |
| Long-Term Investments | $46.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $48.5B |
| TOTAL ASSETS | $51.0B |
| Account Payables | $0 |
| Short-Term Debt | $4.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $43.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $406M |
| TOTAL NON-CURRENT LIABILITIES | $43.7B |
| TOTAL LIABILITIES | $48.4B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$5.5B |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $51.0B |
| Total Debt | $48.0B |
| Net Debt | $47.3B |
