| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.2B | $2.9B | 20.9% | -7.2% |
| Op. Income | $813M | $341M | $669M | 138.3% | 21.5% |
| Gross Margin | 45.6% | 40.7% | 36.2% | 4.9pp | 9.4pp |
| Net Margin | 23.2% | 9.9% | 17.6% | 13.4pp | 5.6pp |
| EPS (Diluted) | $1.97 | $0.69 | $1.61 | 185.5% | 22.4% |
| Free Cash Flow | $419M | -$283M | $297M | 247.9% | 41.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $409M |
| Operating Expenses | $409M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $813M |
| Interest Income | $0 |
| Interest Expense | $192M |
| Other Income/Expenses | -$103M |
| INCOME BEFORE TAX | $710M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $623M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $623M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $622M |
| D&A | $333M |
| EBIT | $902M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $409M |
| Operating Expenses | $409M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $813M |
| Interest Income | $0 |
| Interest Expense | $192M |
| Other Income/Expenses | -$103M |
| INCOME BEFORE TAX | $710M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $623M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $623M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $622M |
| D&A | $333M |
| EBIT | $902M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $623M |
| Depreciation & Amortization | $333M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $184M |
| Other Non-Cash Items | -$144M |
| Change in Working Capital | -$132M |
| OPERATING CASH FLOW | $864M |
| Capital Expenditure | -$445M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$436M |
| Net Debt Issuance | -$204M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$264M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$477M |
| FREE CASH FLOW | $419M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $609M |
| Other Current Assets | $186M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $31.7B |
| Goodwill | $3.1B |
| Intangible Assets | $35M |
| Long-Term Investments | $2.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $41.3B |
| TOTAL ASSETS | $43.9B |
| Account Payables | $641M |
| Short-Term Debt | $3.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $854M |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $15.4B |
| Deferred Revenue NC | $351M |
| Deferred Tax Liabilities | $5.1B |
| Other Non-Current Liabilities | $5.9B |
| TOTAL NON-CURRENT LIABILITIES | $26.8B |
| TOTAL LIABILITIES | $31.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $8.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.1B |
| Minority Interest | $283M |
| TOTAL EQUITY | $12.4B |
| TOTAL LIABILITIES & EQUITY | $43.9B |
| Total Debt | $18.6B |
| Net Debt | $18.6B |
