| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.2B | $2.3B | 13.3% | 8.7% |
| Op. Income | $678M | $377M | $545M | 79.8% | 24.4% |
| Gross Margin | 44.4% | 36.3% | 41.2% | 8.2pp | 3.3pp |
| Net Margin | 16.5% | 8.0% | 13.3% | 8.5pp | 3.2pp |
| EPS (Diluted) | $0.56 | $0.24 | $0.42 | 133.3% | 33.3% |
| Free Cash Flow | -$280M | -$349M | -$314M | 19.8% | 10.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $435M |
| Operating Expenses | $435M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $678M |
| Interest Income | $5M |
| Interest Expense | $190M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $516M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $414M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $414M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $413M |
| D&A | $342M |
| EBIT | $706M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $435M |
| Operating Expenses | $435M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $678M |
| Interest Income | $5M |
| Interest Expense | $190M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $516M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $414M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $414M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $413M |
| D&A | $342M |
| EBIT | $706M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $414M |
| Depreciation & Amortization | $342M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $38M |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | -$233M |
| OPERATING CASH FLOW | $513M |
| Capital Expenditure | -$793M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$783M |
| Net Debt Issuance | $475M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$190M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | $271M |
| FREE CASH FLOW | -$280M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $312M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $476M |
| Other Current Assets | $500M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $33.6B |
| Goodwill | $2.2B |
| Intangible Assets | $312M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $38.7B |
| TOTAL ASSETS | $41.8B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $819M |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $15.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.5B |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $23.7B |
| TOTAL LIABILITIES | $27.5B |
| Common Stock | $8M |
| Additional Paid-In Capital | $12.3B |
| Retained Earnings | $3.0B |
| Treasury Stock | -$904M |
| Accum. Other Comp. Income | -$184M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.3B |
| TOTAL LIABILITIES & EQUITY | $41.8B |
| Total Debt | $17.3B |
| Net Debt | $17.0B |
