| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $652M | $567M | $358M | 14.9% | 81.9% |
| Op. Income | $174M | $93M | $66M | 87.8% | 162.4% |
| Gross Margin | 29.7% | 20.4% | 25.0% | 9.2pp | 4.6pp |
| Net Margin | 11.6% | -1.8% | 43.5% | 13.5pp | -31.9pp |
| EPS (Diluted) | $0.10 | $-0.01 | $0.26 | 860.2% | -63.9% |
| Free Cash Flow | $118M | -$49M | $15M | 342.9% | 667.6% |
| Item | Amount |
|---|---|
| REVENUE | $652M |
| Cost of Revenue | $459M |
| GROSS PROFIT | $193M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $478M |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $262M |
| EBIT | $174M |
| EBITDA | $436M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $652M |
| Cost of Revenue | $459M |
| GROSS PROFIT | $193M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $478M |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | $262M |
| EBIT | $174M |
| EBITDA | $436M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $76M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $292M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $369M |
| Capital Expenditure | -$252M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$248M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | -$59M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$117M |
| FREE CASH FLOW | $118M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $314M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $362M |
| PP&E (Net) | $5.0B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $278M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $451M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $502M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $459M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $180M |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $624M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $1.8B |
| Net Debt | $1.8B |
