| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $773M | $815M | $601M | -5.1% | 28.6% |
| Op. Income | $228M | $255M | $35M | -10.4% | 555.7% |
| Gross Margin | 32.4% | 22.7% | 11.8% | 9.8pp | 20.6pp |
| Net Margin | 21.8% | 13.2% | -5.1% | 8.6pp | 27.0pp |
| EPS (Diluted) | $0.46 | $0.30 | $-0.08 | 53.3% | 642.5% |
| Free Cash Flow | $107M | $189M | -$26M | -43.5% | 513.6% |
| Item | Amount |
|---|---|
| REVENUE | $773M |
| Cost of Revenue | $522M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | -$2M |
| Operating Expenses | $23M |
| Cost & Expenses | $545M |
| OPERATING INCOME | $228M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $119M |
| EBIT | $226M |
| EBITDA | $345M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $773M |
| Cost of Revenue | $522M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | -$2M |
| Operating Expenses | $23M |
| Cost & Expenses | $545M |
| OPERATING INCOME | $228M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $119M |
| EBIT | $226M |
| EBITDA | $345M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $169M |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $45M |
| Other Non-Cash Items | -$94M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $175M |
| Capital Expenditure | -$68M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $200.0K |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $107M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $900M |
| Short-Term Investments | $23M |
| Net Receivables | $201M |
| Inventory | $595M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $5.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $121M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $165M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $601M |
| Long-Term Debt | $703M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $492M |
| Other Non-Current Liabilities | $512M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $5.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $95M |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $14M |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $804M |
| Net Debt | -$96M |
