| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $4.0B | $3.6B | -9.2% | 1.5% |
| Op. Income | $795M | $995M | $778M | -20.1% | 2.2% |
| Gross Margin | 45.3% | 46.2% | 45.2% | -0.9pp | 0.1pp |
| Net Margin | 5.6% | 10.2% | 5.2% | -4.6pp | 0.4pp |
| EPS (Diluted) | $0.38 | $0.75 | $0.35 | -49.0% | 8.3% |
| Free Cash Flow | $215M | $39M | $80M | 454.7% | 169.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $852M |
| Operating Expenses | $852M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $795M |
| Interest Income | $0 |
| Interest Expense | $421M |
| Other Income/Expenses | -$517M |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $866M |
| EBIT | $671M |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $852M |
| Operating Expenses | $852M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $795M |
| Interest Income | $0 |
| Interest Expense | $421M |
| Other Income/Expenses | -$517M |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $866M |
| EBIT | $671M |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $205M |
| Depreciation & Amortization | $866M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $73M |
| Other Non-Cash Items | -$136M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | $947M |
| Capital Expenditure | -$732M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$723M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$135M |
| Other Financing Activities | $32M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $215M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $3.9B |
| Inventory | $411M |
| Other Current Assets | $989M |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $18.4B |
| Goodwill | $11.9B |
| Intangible Assets | $13.0B |
| Long-Term Investments | $436M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $46.2B |
| TOTAL ASSETS | $53.4B |
| Account Payables | $2.6B |
| Short-Term Debt | $3.2B |
| Deferred Revenue | $637M |
| Other Current Liabilities | $365M |
| TOTAL CURRENT LIABILITIES | $7.3B |
| Long-Term Debt | $30.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.6B |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $38.4B |
| TOTAL LIABILITIES | $45.7B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $53.4B |
| Total Debt | $36.1B |
| Net Debt | $34.1B |
