| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.4B | $4.1B | 6.0% | -10.6% |
| Op. Income | $679M | $575M | $573M | 18.1% | 18.5% |
| Gross Margin | 44.0% | 44.4% | 35.7% | -0.4pp | 8.3pp |
| Net Margin | 13.4% | 11.9% | 10.2% | 1.5pp | 3.1pp |
| EPS (Diluted) | $0.88 | $0.74 | $0.76 | 18.9% | 15.8% |
| Free Cash Flow | -$487M | -$640M | $272M | 23.9% | -279.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $926M |
| Operating Expenses | $926M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $679M |
| Interest Income | $0 |
| Interest Expense | $277M |
| Other Income/Expenses | -$218M |
| INCOME BEFORE TAX | $461M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | $488M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $488M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $488M |
| D&A | $684M |
| EBIT | $738M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $926M |
| Operating Expenses | $926M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $679M |
| Interest Income | $0 |
| Interest Expense | $277M |
| Other Income/Expenses | -$218M |
| INCOME BEFORE TAX | $461M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | $488M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $488M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $488M |
| D&A | $684M |
| EBIT | $738M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $488M |
| Depreciation & Amortization | $684M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $154M |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | -$263M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$189M |
| Sales/Maturities of Investments | $179M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$280M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $878M |
| FREE CASH FLOW | -$487M |
| Net Change in Cash | $372M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $501M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $623M |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $53.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.4B |
| TOTAL NON-CURRENT ASSETS | $61.1B |
| TOTAL ASSETS | $65.6B |
| Account Payables | $1.5B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $26.4B |
| Deferred Revenue NC | $159M |
| Deferred Tax Liabilities | $5.2B |
| Other Non-Current Liabilities | $9.8B |
| TOTAL NON-CURRENT LIABILITIES | $42.5B |
| TOTAL LIABILITIES | $47.7B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $8.5B |
| Retained Earnings | $8.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$71M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.8B |
| TOTAL LIABILITIES & EQUITY | $65.6B |
| Total Debt | $28.6B |
| Net Debt | $28.1B |
