| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.3B | $4.4B | 4.2% | 2.2% |
| Op. Income | $295M | $241M | $310M | 22.4% | -4.8% |
| Gross Margin | 15.5% | 14.7% | 15.1% | 0.8pp | 0.4pp |
| Net Margin | 5.5% | 4.3% | 5.7% | 1.3pp | -0.1pp |
| EPS (Diluted) | $0.11 | $0.08 | $0.11 | 34.6% | -0.6% |
| Free Cash Flow | -$8M | $82M | -$36M | -109.5% | 78.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $692M |
| R&D Expenses | $226M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $171M |
| Other Expenses | $0 |
| Operating Expenses | $397M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $322M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $463M |
| EBIT | $360M |
| EBITDA | $823M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $692M |
| R&D Expenses | $226M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $171M |
| Other Expenses | $0 |
| Operating Expenses | $397M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $322M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $463M |
| EBIT | $360M |
| EBITDA | $823M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $247M |
| Depreciation & Amortization | $463M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$114M |
| Change in Working Capital | -$129M |
| OPERATING CASH FLOW | $467M |
| Capital Expenditure | -$475M |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | $41M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$486M |
| Net Debt Issuance | -$397M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$406M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$316M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $290M |
| Net Receivables | $3.2B |
| Inventory | $2.0B |
| Other Current Assets | $923M |
| TOTAL CURRENT ASSETS | $8.6B |
| PP&E (Net) | $9.0B |
| Goodwill | $1.6B |
| Intangible Assets | $520M |
| Long-Term Investments | $978M |
| Tax Assets | $0 |
| Other Non-Current Assets | $959M |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $21.6B |
| Account Payables | $2.2B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.8B |
| TOTAL CURRENT LIABILITIES | $7.3B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $727M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $11.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $9.6B |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $669M |
| TOTAL EQUITY | $10.2B |
| TOTAL LIABILITIES & EQUITY | $21.6B |
| Total Debt | $5.6B |
| Net Debt | $3.5B |
