| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $761M | $965M | $567M | -21.2% | 34.2% |
| Op. Income | $182M | $313M | $96M | -41.9% | 89.2% |
| Gross Margin | 44.7% | 50.1% | 44.1% | -5.4pp | 0.6pp |
| Net Margin | 13.4% | 22.7% | 8.5% | -9.3pp | 4.9pp |
| EPS (Diluted) | $0.51 | $1.09 | $0.24 | -53.2% | 112.5% |
| Free Cash Flow | -$167M | $103M | $85M | -262.1% | -296.9% |
| Item | Amount |
|---|---|
| REVENUE | $761M |
| Cost of Revenue | $421M |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $158M |
| Operating Expenses | $158M |
| Cost & Expenses | $579M |
| OPERATING INCOME | $182M |
| Interest Income | $0 |
| Interest Expense | $65M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $131M |
| EBIT | $184M |
| EBITDA | $315M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $761M |
| Cost of Revenue | $421M |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $158M |
| Operating Expenses | $158M |
| Cost & Expenses | $579M |
| OPERATING INCOME | $182M |
| Interest Income | $0 |
| Interest Expense | $65M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $131M |
| EBIT | $184M |
| EBITDA | $315M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $131M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | $130M |
| Capital Expenditure | -$297M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$310M |
| Net Debt Issuance | $253M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$85M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $171M |
| FREE CASH FLOW | -$167M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $600.0K |
| Short-Term Investments | $0 |
| Net Receivables | $428M |
| Inventory | $378M |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $895M |
| PP&E (Net) | $12.2B |
| Goodwill | $0 |
| Intangible Assets | $549M |
| Long-Term Investments | $124M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$63M |
| TOTAL NON-CURRENT ASSETS | $12.8B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $306M |
| Short-Term Debt | $502M |
| Deferred Revenue | $111M |
| Other Current Liabilities | $104M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $7.8B |
| TOTAL LIABILITIES | $9.1B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $5.5B |
| Net Debt | $5.5B |
