| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23.8B | $30.9B | $24.5B | -22.9% | -2.8% |
| Op. Income | $1.5B | $1.5B | $1.3B | 0.3% | 13.6% |
| Gross Margin | 28.2% | 26.0% | 28.9% | 2.2pp | -0.7pp |
| Net Margin | 4.3% | 3.6% | 3.8% | 0.8pp | 0.5pp |
| EPS (Diluted) | $2.27 | $2.41 | $2.03 | -5.8% | 11.8% |
| Free Cash Flow | -$515M | $2.4B | $427M | -121.8% | -220.6% |
| Item | Amount |
|---|---|
| REVENUE | $23.8B |
| Cost of Revenue | $17.1B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.6B |
| Other Expenses | $655M |
| Operating Expenses | $5.2B |
| Cost & Expenses | $22.4B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $346M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $787M |
| EBIT | $1.5B |
| EBITDA | $2.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $23.8B |
| Cost of Revenue | $17.1B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.6B |
| Other Expenses | $655M |
| Operating Expenses | $5.2B |
| Cost & Expenses | $22.4B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $346M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $787M |
| EBIT | $1.5B |
| EBITDA | $2.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $787M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | $36M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | $275M |
| Capital Expenditure | -$790M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$787M |
| Net Debt Issuance | -$543M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$510M |
| Other Financing Activities | -$60M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | -$515M |
| Net Change in Cash | -$1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $13.0B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $17.8B |
| PP&E (Net) | $36.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $38.4B |
| TOTAL ASSETS | $56.2B |
| Account Payables | $11.8B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.0B |
| Long-Term Debt | $14.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.3B |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $22.2B |
| TOTAL LIABILITIES | $41.2B |
| Common Stock | $38M |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | $8.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$462M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.9B |
| TOTAL LIABILITIES & EQUITY | $56.2B |
| Total Debt | $19.0B |
| Net Debt | $16.1B |
