| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | — | -0.7% | — |
| Op. Income | $294M | $311M | — | -5.5% | — |
| Gross Margin | 58.3% | 57.5% | — | 0.8pp | — |
| Net Margin | -4.7% | -3.8% | — | -1.0pp | — |
| EPS (Diluted) | $-0.28 | $-0.23 | — | -21.7% | — |
| Free Cash Flow | -$588M | -$514M | — | -14.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $618M |
| GROSS PROFIT | $864M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $517M |
| Operating Expenses | $570M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $294M |
| Interest Income | $0 |
| Interest Expense | $489M |
| Other Income/Expenses | -$363M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | -$88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$79M |
| D&A | $517M |
| EBIT | $420M |
| EBITDA | $937M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$70M |
| Depreciation & Amortization | $517M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$71M |
| Change in Working Capital | -$147M |
| OPERATING CASH FLOW | $232M |
| Capital Expenditure | -$820M |
| Acquisitions (Net) | $327M |
| Purchases of Investments | -$334M |
| Sales/Maturities of Investments | $85M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$747M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$154M |
| Common Dividends Paid | -$271M |
| Other Financing Activities | -$375M |
| NET CASH FROM FINANCING | $372M |
| FREE CASH FLOW | -$588M |
| Net Change in Cash | -$153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $318M |
| Net Receivables | $1.1B |
| Inventory | $125M |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $61.8B |
| Goodwill | $1.9B |
| Intangible Assets | $0 |
| Long-Term Investments | $4.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $69.6B |
| TOTAL ASSETS | $73.8B |
| Account Payables | $346M |
| Short-Term Debt | $5.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $8.1B |
| Long-Term Debt | $25.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.7B |
| TOTAL NON-CURRENT LIABILITIES | $37.8B |
| TOTAL LIABILITIES | $45.8B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.3B |
| Minority Interest | $18.7B |
| TOTAL EQUITY | $28.0B |
| TOTAL LIABILITIES & EQUITY | $73.8B |
| Total Debt | $30.2B |
| Net Debt | $29.0B |
