| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.2B | $6.0B | -2.1% | -14.9% |
| Op. Income | $6M | -$38M | $483M | 115.8% | -98.8% |
| Gross Margin | 3.2% | 5.5% | 10.8% | -2.3pp | -7.6pp |
| Net Margin | 0.0% | -1.3% | 5.8% | 1.3pp | -5.8pp |
| EPS (Diluted) | $0.00 | $-0.14 | $0.68 | 103.0% | -99.4% |
| Free Cash Flow | $362M | -$40M | $756M | 1005.0% | -52.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $53M |
| Operating Expenses | $156M |
| Cost & Expenses | $5.1B |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $228M |
| EBIT | $63M |
| EBITDA | $291M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $228M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $286M |
| OPERATING CASH FLOW | $519M |
| Capital Expenditure | -$157M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$152M |
| Net Debt Issuance | -$165M |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$287M |
| FREE CASH FLOW | $362M |
| Net Change in Cash | $80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $4.2B |
| Other Current Assets | $110M |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $8.7B |
| Goodwill | $1.0B |
| Intangible Assets | $194M |
| Long-Term Investments | $119M |
| Tax Assets | $0 |
| Other Non-Current Assets | $690M |
| TOTAL NON-CURRENT ASSETS | $10.7B |
| TOTAL ASSETS | $16.9B |
| Account Payables | $2.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $807M |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $621M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $66M |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | $1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $262M |
| TOTAL EQUITY | $7.4B |
| TOTAL LIABILITIES & EQUITY | $16.9B |
| Total Debt | $3.5B |
| Net Debt | $3.4B |
