| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $2.3B | $2.7B | 37.9% | 17.5% |
| Op. Income | $938M | $591M | $813M | 58.7% | 15.3% |
| Gross Margin | 43.7% | 44.6% | 45.6% | -0.9pp | -1.9pp |
| Net Margin | 23.0% | 19.9% | 23.2% | 3.1pp | -0.2pp |
| EPS (Diluted) | $2.27 | $1.43 | $1.97 | 58.7% | 15.2% |
| Free Cash Flow | $462M | -$265M | $419M | 274.4% | 10.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $438M |
| Operating Expenses | $438M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $938M |
| Interest Income | $0 |
| Interest Expense | $223M |
| Other Income/Expenses | -$151M |
| INCOME BEFORE TAX | $786M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $726M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $725M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $724M |
| D&A | $360M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $438M |
| Operating Expenses | $438M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $938M |
| Interest Income | $0 |
| Interest Expense | $223M |
| Other Income/Expenses | -$151M |
| INCOME BEFORE TAX | $786M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $726M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $725M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $724M |
| D&A | $360M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $726M |
| Depreciation & Amortization | $360M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $56M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$701M |
| Acquisitions (Net) | -$448M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $31M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $192M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$284M |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | $462M |
| Net Change in Cash | $101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $576M |
| Other Current Assets | $225M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $35.4B |
| Goodwill | $3.1B |
| Intangible Assets | $35M |
| Long-Term Investments | $2.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.6B |
| TOTAL NON-CURRENT ASSETS | $45.3B |
| TOTAL ASSETS | $48.2B |
| Account Payables | $792M |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $5.9B |
| Long-Term Debt | $16.2B |
| Deferred Revenue NC | $329M |
| Deferred Tax Liabilities | $5.6B |
| Other Non-Current Liabilities | $6.6B |
| TOTAL NON-CURRENT LIABILITIES | $28.9B |
| TOTAL LIABILITIES | $34.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | $8.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.0B |
| Minority Interest | $421M |
| TOTAL EQUITY | $13.4B |
| TOTAL LIABILITIES & EQUITY | $48.2B |
| Total Debt | $20.5B |
| Net Debt | $20.4B |
