| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $5.1B | $4.5B | -9.2% | 2.9% |
| Op. Income | $876M | $1.2B | $999M | -29.5% | -12.2% |
| Gross Margin | 27.4% | 32.4% | 30.2% | -5.0pp | -2.8pp |
| Net Margin | 7.4% | 19.7% | 11.6% | -12.3pp | -4.2pp |
| EPS (Diluted) | $0.64 | $1.90 | $1.01 | -66.3% | -36.6% |
| Free Cash Flow | -$131M | -$353M | -$868M | 63.0% | 84.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $394M |
| Operating Expenses | $394M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $876M |
| Interest Income | $0 |
| Interest Expense | $467M |
| Other Income/Expenses | -$527M |
| INCOME BEFORE TAX | $349M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $343M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $340M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | $822M |
| EBIT | $791M |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $394M |
| Operating Expenses | $394M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $876M |
| Interest Income | $0 |
| Interest Expense | $467M |
| Other Income/Expenses | -$527M |
| INCOME BEFORE TAX | $349M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $343M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $340M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | $822M |
| EBIT | $791M |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $340M |
| Depreciation & Amortization | $822M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $360M |
| Other Non-Cash Items | $122M |
| Change in Working Capital | -$182M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$1.6B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$600M |
| Sales/Maturities of Investments | $585M |
| Other Investing Activities | $28M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $122M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$469M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $85M |
| FREE CASH FLOW | -$131M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $226M |
| Net Receivables | $2.7B |
| Inventory | $1.8B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $79.4B |
| Goodwill | $53M |
| Intangible Assets | $0 |
| Long-Term Investments | $4.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.0B |
| TOTAL NON-CURRENT ASSETS | $93.0B |
| TOTAL ASSETS | $99.6B |
| Account Payables | $2.3B |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $442M |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $10.2B |
| Long-Term Debt | $40.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9.8B |
| Other Non-Current Liabilities | $13.0B |
| TOTAL NON-CURRENT LIABILITIES | $63.3B |
| TOTAL LIABILITIES | $73.4B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $9.5B |
| Retained Earnings | $13.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.1B |
| Minority Interest | $41M |
| TOTAL EQUITY | $26.2B |
| TOTAL LIABILITIES & EQUITY | $99.6B |
| Total Debt | $44.3B |
| Net Debt | $44.1B |
