| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $424M | — | $632M | — | -32.8% |
| Op. Income | $89M | — | $97M | — | -8.5% |
| Gross Margin | 35.2% | — | 19.5% | — | 15.7pp |
| Net Margin | 47.3% | — | -40.6% | — | 87.9pp |
| EPS (Diluted) | $0.28 | — | $-0.37 | — | 175.7% |
| Free Cash Flow | $32M | — | $16M | — | 100.8% |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $275M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $50M |
| Operating Expenses | $53M |
| Cost & Expenses | $328M |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $80M |
| Other Income/Expenses | $154M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $137M |
| EBIT | $79M |
| EBITDA | $216M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $275M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $50M |
| Operating Expenses | $53M |
| Cost & Expenses | $328M |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $80M |
| Other Income/Expenses | $154M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $137M |
| EBIT | $79M |
| EBITDA | $216M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $137M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$148M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $236M |
| Capital Expenditure | -$204M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$52M |
| NET CASH FROM INVESTING | -$257M |
| Net Debt Issuance | -$782M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$80M |
| Other Financing Activities | $923M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $0 |
| Net Receivables | $427M |
| Inventory | $235M |
| Other Current Assets | $343M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $13.2B |
| Goodwill | $1.3B |
| Intangible Assets | $90M |
| Long-Term Investments | $1.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $17.7B |
| TOTAL ASSETS | $18.9B |
| Account Payables | $138M |
| Short-Term Debt | $162M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $389M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $8.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $9.9B |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $7.4B |
| Additional Paid-In Capital | $827.0K |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $18.9B |
| Total Debt | $8.3B |
| Net Debt | $8.2B |
