| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $549M | $372M | $525M | 47.7% | 4.6% |
| Op. Income | $86M | -$197M | $207M | 143.8% | -58.4% |
| Gross Margin | 45.5% | 38.7% | 43.7% | 6.8pp | 1.8pp |
| Net Margin | 8.2% | -45.1% | 25.3% | 53.2pp | -17.1pp |
| EPS (Diluted) | $0.49 | $-1.84 | $1.44 | 126.6% | -66.0% |
| Free Cash Flow | -$20M | -$49M | $24M | 58.6% | -184.7% |
| Item | Amount |
|---|---|
| REVENUE | $549M |
| Cost of Revenue | $299M |
| GROSS PROFIT | $250M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $164M |
| Operating Expenses | $164M |
| Cost & Expenses | $463M |
| OPERATING INCOME | $86M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $109M |
| EBIT | $94M |
| EBITDA | $203M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $549M |
| Cost of Revenue | $299M |
| GROSS PROFIT | $250M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $164M |
| Operating Expenses | $164M |
| Cost & Expenses | $463M |
| OPERATING INCOME | $86M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $109M |
| EBIT | $94M |
| EBITDA | $203M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $149M |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | $220M |
| Capital Expenditure | -$240M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$235M |
| Net Debt Issuance | $109M |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | -$47M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $281M |
| Inventory | $73M |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $465M |
| PP&E (Net) | $7.3B |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $71M |
| Tax Assets | $0 |
| Other Non-Current Assets | $478M |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $121M |
| Short-Term Debt | $700M |
| Deferred Revenue | $51M |
| Other Current Liabilities | $135M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $2.9B |
| Net Debt | $2.8B |
