| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.6B | $3.6B | 6.4% | 7.4% |
| Op. Income | -$32M | -$8M | -$330M | -285.4% | 90.4% |
| Gross Margin | 7.3% | 6.8% | 2.6% | 0.5pp | 4.7pp |
| Net Margin | -19.6% | -7.5% | -4.3% | -12.1pp | -15.2pp |
| EPS (Diluted) | $-1.89 | $-0.68 | $-0.39 | -177.5% | -383.5% |
| Free Cash Flow | $86M | $19M | $216M | 347.4% | -60.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $280M |
| R&D Expenses | $21M |
| Selling & Marketing | $90M |
| General & Administrative | $118M |
| SG&A Expenses | $208M |
| Other Expenses | $82M |
| Operating Expenses | $312M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | -$32M |
| Interest Income | $28M |
| Interest Expense | $296M |
| Other Income/Expenses | -$1.2B |
| INCOME BEFORE TAX | -$1.2B |
| Income Tax Expense | -$426M |
| Net Income from Continuing Ops | -$787M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$753M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$753M |
| D&A | $259M |
| EBIT | -$977M |
| EBITDA | -$717M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$752M |
| Depreciation & Amortization | $280M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $702M |
| Change in Working Capital | $60M |
| OPERATING CASH FLOW | $291M |
| Capital Expenditure | -$205M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$195M |
| Net Debt Issuance | -$207M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$205M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | -$402.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $628M |
| Net Receivables | $715M |
| Inventory | $2.7B |
| Other Current Assets | $694M |
| TOTAL CURRENT ASSETS | $7.6B |
| PP&E (Net) | $8.7B |
| Goodwill | $439M |
| Intangible Assets | $216M |
| Long-Term Investments | $33M |
| Tax Assets | $2.0B |
| Other Non-Current Assets | $490M |
| TOTAL NON-CURRENT ASSETS | $11.9B |
| TOTAL ASSETS | $19.6B |
| Account Payables | $3.3B |
| Short-Term Debt | $575M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $12.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $236M |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $13.9B |
| TOTAL LIABILITIES | $19.7B |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $67M |
| Other Equity | -$191M |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | -$212M |
| TOTAL EQUITY | -$195M |
| TOTAL LIABILITIES & EQUITY | $19.6B |
| Total Debt | $13.5B |
| Net Debt | $10.6B |
