| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.8B | $3.4B | -8.1% | 2.1% |
| Op. Income | $249M | $318M | $263M | -21.7% | -5.3% |
| Gross Margin | 36.2% | 35.2% | 36.0% | 1.0pp | 0.2pp |
| Net Margin | 5.2% | 6.3% | 5.8% | -1.1pp | -0.7pp |
| EPS (Diluted) | $0.34 | $0.44 | $0.37 | -22.7% | -7.1% |
| Free Cash Flow | $75M | $271M | $100M | -72.2% | -24.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $886M |
| Other Expenses | $120M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $249M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $179M |
| D&A | $120M |
| EBIT | $249M |
| EBITDA | $369M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $886M |
| Other Expenses | $120M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $249M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $179M |
| D&A | $120M |
| EBIT | $249M |
| EBITDA | $369M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $179M |
| Depreciation & Amortization | $120M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | $217M |
| Capital Expenditure | -$141M |
| Acquisitions (Net) | -$141M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | -$261M |
| Net Debt Issuance | $249M |
| Common Stock Repurchased | -$109M |
| Common Dividends Paid | -$122M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $232M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $3.2B |
| Other Current Assets | $210M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $6.3B |
| Goodwill | $0 |
| Intangible Assets | $401M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $1.6B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | $149M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $7.0B |
| Treasury Stock | -$6.1B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $5.8B |
| Net Debt | $5.5B |
