| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $734M | $579M | $942M | 26.8% | -22.1% |
| Op. Income | $83M | $18M | $168M | 360.6% | -50.8% |
| Gross Margin | 64.5% | 11.6% | 63.3% | 53.0pp | 1.2pp |
| Net Margin | 6.2% | 4.3% | 12.6% | 2.0pp | -6.4pp |
| EPS (Diluted) | $0.32 | $0.19 | $0.80 | 68.4% | -60.0% |
| Free Cash Flow | $161M | -$46M | $215M | 448.9% | -25.0% |
| Item | Amount |
|---|---|
| REVENUE | $734M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $474M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $235M |
| SG&A Expenses | $235M |
| Other Expenses | $156M |
| Operating Expenses | $391M |
| Cost & Expenses | $651M |
| OPERATING INCOME | $83M |
| Interest Income | $13M |
| Interest Expense | $40M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | -$900.0K |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $50M |
| EBIT | $86M |
| EBITDA | $136M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $734M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $474M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $235M |
| SG&A Expenses | $235M |
| Other Expenses | $156M |
| Operating Expenses | $391M |
| Cost & Expenses | $651M |
| OPERATING INCOME | $83M |
| Interest Income | $13M |
| Interest Expense | $40M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | -$900.0K |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $50M |
| EBIT | $86M |
| EBITDA | $136M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $89M |
| OPERATING CASH FLOW | $185M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $600.0K |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$156M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$158M |
| FREE CASH FLOW | $161M |
| Net Change in Cash | $200.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $789M |
| Short-Term Investments | $0 |
| Net Receivables | $141M |
| Inventory | $27M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $2.1B |
| Goodwill | $1.2B |
| Intangible Assets | $302M |
| Long-Term Investments | $46M |
| Tax Assets | $34M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $544M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $781M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $324M |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$402M |
| Treasury Stock | -$103M |
| Accum. Other Comp. Income | -$390M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $366M |
| Minority Interest | $9M |
| TOTAL EQUITY | $375M |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $3.4B |
| Net Debt | $2.6B |
