| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $906M | $952M | $763M | -4.8% | 18.7% |
| Op. Income | $64M | $130M | -$3M | -50.8% | 2233.3% |
| Gross Margin | 31.8% | 41.8% | 31.5% | -10.0pp | 0.3pp |
| Net Margin | -8.7% | 0.7% | 12.8% | -9.5pp | -21.6pp |
| EPS (Diluted) | $-0.11 | $-0.11 | $0.11 | 0.0% | -200.0% |
| Free Cash Flow | -$34M | $177M | -$169M | -119.2% | 79.9% |
| Item | Amount |
|---|---|
| REVENUE | $906M |
| Cost of Revenue | $618M |
| GROSS PROFIT | $288M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $50M |
| SG&A Expenses | $50M |
| Other Expenses | $174M |
| Operating Expenses | $224M |
| Cost & Expenses | $842M |
| OPERATING INCOME | $64M |
| Interest Income | $8M |
| Interest Expense | $116M |
| Other Income/Expenses | -$104M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | -$79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$79M |
| D&A | $176M |
| EBIT | $62M |
| EBITDA | $238M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$79M |
| Depreciation & Amortization | $176M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | -$73M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | -$210M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$218M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$250M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $691M |
| Short-Term Investments | $0 |
| Net Receivables | $551M |
| Inventory | $453M |
| Other Current Assets | $509M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $15.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $50M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $16.8B |
| TOTAL ASSETS | $19.0B |
| Account Payables | $273M |
| Short-Term Debt | $712M |
| Deferred Revenue | $228M |
| Other Current Liabilities | $419M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $177M |
| Deferred Tax Liabilities | $519M |
| Other Non-Current Liabilities | $520M |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $88M |
| Additional Paid-In Capital | $14.9B |
| Retained Earnings | -$4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$141M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $1M |
| TOTAL EQUITY | $10.2B |
| TOTAL LIABILITIES & EQUITY | $19.0B |
| Total Debt | $6.6B |
| Net Debt | $6.0B |
