| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.7B | $2.7B | -4.0% | -3.0% |
| Op. Income | $214M | $196M | $227M | 9.4% | -5.8% |
| Gross Margin | 30.2% | 26.7% | 29.4% | 3.4pp | 0.7pp |
| Net Margin | 2.2% | 1.2% | 1.7% | 1.0pp | 0.5pp |
| EPS (Diluted) | $0.05 | $0.03 | $0.04 | 79.2% | 30.1% |
| Free Cash Flow | -$2.2B | -$1.2B | -$1.0B | -77.1% | -111.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $780M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $536M |
| SG&A Expenses | $536M |
| Other Expenses | $30M |
| Operating Expenses | $566M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $214M |
| Interest Income | $2.0B |
| Interest Expense | $1.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $49M |
| EBIT | $214M |
| EBITDA | $264M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $780M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $536M |
| SG&A Expenses | $536M |
| Other Expenses | $30M |
| Operating Expenses | $566M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $214M |
| Interest Income | $2.0B |
| Interest Expense | $1.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $49M |
| EBIT | $214M |
| EBITDA | $264M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $87M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$494M |
| Change in Working Capital | -$1.8B |
| OPERATING CASH FLOW | -$2.1B |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $167M |
| NET CASH FROM INVESTING | $118M |
| Net Debt Issuance | $97M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $1.9B |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | -$2.2B |
| Net Change in Cash | $204M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.4B |
| Short-Term Investments | $7.6B |
| Net Receivables | $8.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $21.5B |
| PP&E (Net) | $1.7B |
| Goodwill | $621M |
| Intangible Assets | $4.6B |
| Long-Term Investments | $59.5B |
| Tax Assets | $423M |
| Other Non-Current Assets | $416M |
| TOTAL NON-CURRENT ASSETS | $67.3B |
| TOTAL ASSETS | $88.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56.0B |
| TOTAL CURRENT LIABILITIES | $56.0B |
| Long-Term Debt | $18.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $23.9B |
| TOTAL LIABILITIES | $79.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $4.7B |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $4.2B |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $88.7B |
| Total Debt | $18.4B |
| Net Debt | $13.0B |
