| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $491M | $547M | $654M | -10.2% | -25.0% |
| Op. Income | $72M | $124M | $206M | -42.1% | -65.2% |
| Gross Margin | 18.7% | 24.8% | 77.7% | -6.1pp | -58.9pp |
| Net Margin | 11.8% | 18.6% | 25.6% | -6.8pp | -13.8pp |
| EPS (Diluted) | $1.96 | $3.39 | $4.94 | -42.2% | -60.3% |
| Free Cash Flow | $61M | $35M | $185M | 73.2% | -67.1% |
| Item | Amount |
|---|---|
| REVENUE | $491M |
| Cost of Revenue | $399M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | -$903.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $419M |
| OPERATING INCOME | $72M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $55M |
| EBIT | $72M |
| EBITDA | $127M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $491M |
| Cost of Revenue | $399M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | -$903.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $419M |
| OPERATING INCOME | $72M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $55M |
| EBIT | $72M |
| EBITDA | $127M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $106.0K |
| Other Non-Cash Items | $54M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $116M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$516.0K |
| Other Financing Activities | -$27.0K |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $83M |
| Net Receivables | $160M |
| Inventory | $98M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $621M |
| PP&E (Net) | $1.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $164M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $137M |
| Short-Term Debt | $6M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $115M |
| TOTAL CURRENT LIABILITIES | $400M |
| Long-Term Debt | $182M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $640M |
| TOTAL NON-CURRENT LIABILITIES | $872M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $294.0K |
| Additional Paid-In Capital | $536M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$148M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $206M |
| Net Debt | -$11M |
