| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.2B | -10.2% | 7.5% |
| Op. Income | $311M | $441M | $291M | -29.5% | 6.9% |
| Gross Margin | 29.4% | 36.0% | 28.9% | -6.6pp | 0.5pp |
| Net Margin | 17.1% | 24.6% | 17.5% | -7.5pp | -0.4pp |
| EPS (Diluted) | $0.29 | $0.47 | $0.27 | -38.3% | 7.4% |
| Free Cash Flow | $77M | $398M | $49M | -80.7% | 57.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $908M |
| GROSS PROFIT | $379M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $976M |
| OPERATING INCOME | $311M |
| Interest Income | $19M |
| Interest Expense | $34M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $281M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $220M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $220M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $219M |
| D&A | $447M |
| EBIT | $315M |
| EBITDA | $762M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $908M |
| GROSS PROFIT | $379M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $976M |
| OPERATING INCOME | $311M |
| Interest Income | $19M |
| Interest Expense | $34M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $281M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $220M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $220M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $219M |
| D&A | $447M |
| EBIT | $315M |
| EBITDA | $762M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $220M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $463M |
| Change in Working Capital | -$167M |
| OPERATING CASH FLOW | $558M |
| Capital Expenditure | -$481M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$480M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$140M |
| Common Dividends Paid | -$156M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$297M |
| FREE CASH FLOW | $77M |
| Net Change in Cash | -$219M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $250M |
| Net Receivables | $679M |
| Inventory | $45M |
| Other Current Assets | $274M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $18.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $135M |
| TOTAL NON-CURRENT ASSETS | $18.4B |
| TOTAL ASSETS | $20.8B |
| Account Payables | $79M |
| Short-Term Debt | $575M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.4B |
| Other Non-Current Liabilities | $422M |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $7.7B |
| Common Stock | $74M |
| Additional Paid-In Capital | $7.3B |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.0B |
| TOTAL LIABILITIES & EQUITY | $20.8B |
| Total Debt | $3.0B |
| Net Debt | $1.9B |
