| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $929M | $725M | $748M | 28.1% | 24.2% |
| Op. Income | $162M | $113M | $117M | 43.4% | 38.5% |
| Gross Margin | 45.7% | 48.3% | 46.9% | -2.5pp | -1.2pp |
| Net Margin | 11.7% | 9.4% | 9.9% | 2.4pp | 1.8pp |
| EPS (Diluted) | $1.08 | $0.67 | $0.80 | 61.2% | 35.0% |
| Free Cash Flow | -$150M | -$338M | -$313M | 55.6% | 52.1% |
| Item | Amount |
|---|---|
| REVENUE | $929M |
| Cost of Revenue | $504M |
| GROSS PROFIT | $425M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $170M |
| Operating Expenses | $263M |
| Cost & Expenses | $767M |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $121M |
| EBIT | $164M |
| EBITDA | $285M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $929M |
| Cost of Revenue | $504M |
| GROSS PROFIT | $425M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $170M |
| Operating Expenses | $263M |
| Cost & Expenses | $767M |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $121M |
| EBIT | $164M |
| EBITDA | $285M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $109M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | -$93M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $175M |
| Capital Expenditure | -$325M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$331M |
| Net Debt Issuance | $304M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$48M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $327M |
| FREE CASH FLOW | -$150M |
| Net Change in Cash | $171M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $0 |
| Net Receivables | $412M |
| Inventory | $114M |
| Other Current Assets | $271M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $9.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $843M |
| TOTAL NON-CURRENT ASSETS | $10.5B |
| TOTAL ASSETS | $11.6B |
| Account Payables | $289M |
| Short-Term Debt | $80M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $385M |
| TOTAL CURRENT LIABILITIES | $885M |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $534M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $11.6B |
| Total Debt | $4.7B |
| Net Debt | $4.6B |
