| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $742M | $747M | $747M | -0.6% | -0.6% |
| Op. Income | $19M | $19M | $41M | -0.4% | -53.5% |
| Gross Margin | 27.9% | 27.6% | 24.3% | 0.3pp | 3.6pp |
| Net Margin | -5.1% | -4.0% | -0.6% | -1.1pp | -4.5pp |
| EPS (Diluted) | $-0.17 | $-0.13 | $-0.02 | -30.8% | -750.0% |
| Free Cash Flow | $4M | -$46M | $4M | 109.0% | 10.7% |
| Item | Amount |
|---|---|
| REVENUE | $742M |
| Cost of Revenue | $535M |
| GROSS PROFIT | $207M |
| R&D Expenses | $0 |
| Selling & Marketing | $53M |
| General & Administrative | $47M |
| SG&A Expenses | $100M |
| Other Expenses | $88M |
| Operating Expenses | $188M |
| Cost & Expenses | $723M |
| OPERATING INCOME | $19M |
| Interest Income | $5M |
| Interest Expense | $59M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $449.0K |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $88M |
| EBIT | $19M |
| EBITDA | $107M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $90M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $65.0K |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$148.0K |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $290M |
| Short-Term Investments | $20M |
| Net Receivables | $50M |
| Inventory | $0 |
| Other Current Assets | $133M |
| TOTAL CURRENT ASSETS | $493M |
| PP&E (Net) | $4.9B |
| Goodwill | $27M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $75M |
| Short-Term Debt | $61M |
| Deferred Revenue | $54M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $622M |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $68M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$3.9B |
| Treasury Stock | -$103M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $340M |
| Minority Interest | $1M |
| TOTAL EQUITY | $342M |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $4.7B |
| Net Debt | $4.4B |
