| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.4B | $9.7B | $10.9B | -3.0% | -13.2% |
| Op. Income | $46M | $74M | -$13M | -37.8% | 466.4% |
| Gross Margin | 1.3% | 1.6% | 0.6% | -0.3pp | 0.7pp |
| Net Margin | -0.2% | -1.0% | 0.3% | 0.8pp | -0.5pp |
| EPS (Diluted) | $-0.37 | $-2.84 | $0.45 | 87.0% | -182.2% |
| Free Cash Flow | $99M | $103M | -$30M | -3.2% | 429.6% |
| Item | Amount |
|---|---|
| REVENUE | $9.4B |
| Cost of Revenue | $9.3B |
| GROSS PROFIT | $118M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $46M |
| Interest Income | $4M |
| Interest Expense | $27M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $26M |
| EBIT | $1M |
| EBITDA | $27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | $70M |
| Change in Working Capital | $66M |
| OPERATING CASH FLOW | $114M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $456M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $504M |
| Other Current Assets | $553M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $480M |
| Goodwill | $1.2B |
| Intangible Assets | $249M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $844M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $2.5B |
| Short-Term Debt | $87M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $109M |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $761M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $526M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $23M |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$81M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $7M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $879M |
| Net Debt | $423M |
