| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $928M | $824M | $929M | 12.6% | -0.1% |
| Op. Income | $168M | $88M | $162M | 90.9% | 3.7% |
| Gross Margin | 48.5% | 44.5% | 45.7% | 4.0pp | 2.7pp |
| Net Margin | 10.8% | 4.6% | 11.7% | 6.2pp | -1.0pp |
| EPS (Diluted) | $0.91 | $0.35 | $1.08 | 160.0% | -15.7% |
| Free Cash Flow | -$128M | -$222M | -$150M | 42.3% | 14.7% |
| Item | Amount |
|---|---|
| REVENUE | $928M |
| Cost of Revenue | $478M |
| GROSS PROFIT | $450M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $187M |
| Operating Expenses | $282M |
| Cost & Expenses | $760M |
| OPERATING INCOME | $168M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $140M |
| EBIT | $169M |
| EBITDA | $309M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $928M |
| Cost of Revenue | $478M |
| GROSS PROFIT | $450M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $187M |
| Operating Expenses | $282M |
| Cost & Expenses | $760M |
| OPERATING INCOME | $168M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $140M |
| EBIT | $169M |
| EBITDA | $309M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $140M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $231M |
| Capital Expenditure | -$359M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$376M |
| Net Debt Issuance | $208M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$55M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $144M |
| FREE CASH FLOW | -$128M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $473M |
| Inventory | $111M |
| Other Current Assets | $260M |
| TOTAL CURRENT ASSETS | $974M |
| PP&E (Net) | $10.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $11.7B |
| TOTAL ASSETS | $12.7B |
| Account Payables | $281M |
| Short-Term Debt | $68M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $436M |
| TOTAL CURRENT LIABILITIES | $922M |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $654M |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $8.9B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $5.0B |
| Net Debt | $5.0B |
