| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $989M | $1.1B | — | -12.1% | — |
| Op. Income | $236M | $275M | — | -14.2% | — |
| Gross Margin | 57.6% | 26.3% | — | 31.3pp | — |
| Net Margin | -34.6% | 43.6% | — | -78.2pp | — |
| EPS (Diluted) | $-1.90 | $1.31 | — | -245.0% | — |
| Free Cash Flow | $46M | -$133M | — | 134.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $989M |
| Cost of Revenue | $419M |
| GROSS PROFIT | $570M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $334M |
| Operating Expenses | $334M |
| Cost & Expenses | $753M |
| OPERATING INCOME | $236M |
| Interest Income | $0 |
| Interest Expense | $341M |
| Other Income/Expenses | -$569M |
| INCOME BEFORE TAX | -$333M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$339M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$342M |
| D&A | $312M |
| EBIT | $8M |
| EBITDA | $320M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$342M |
| Depreciation & Amortization | $312M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $307M |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | $140M |
| Capital Expenditure | -$94M |
| Acquisitions (Net) | $43M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | -$43M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $83M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$208M |
| NET CASH FROM FINANCING | -$125M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $389M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $24M |
| Other Current Assets | $786M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $37.8B |
| Goodwill | $794M |
| Intangible Assets | $0 |
| Long-Term Investments | $881M |
| Tax Assets | $90M |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $39.7B |
| TOTAL ASSETS | $42.6B |
| Account Payables | $125M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.8B |
| TOTAL CURRENT LIABILITIES | $7.3B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.5B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $20.4B |
| TOTAL LIABILITIES | $27.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $5.5B |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $9.3B |
| TOTAL EQUITY | $14.8B |
| TOTAL LIABILITIES & EQUITY | $42.6B |
| Total Debt | $14.2B |
| Net Debt | $13.8B |
