| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | — | 5.6% | — |
| Op. Income | $27M | $123M | — | -78.0% | — |
| Gross Margin | 2.8% | 8.6% | — | -5.8pp | — |
| Net Margin | 1.1% | 4.4% | — | -3.3pp | — |
| EPS (Diluted) | $0.21 | $0.82 | — | -74.4% | — |
| Free Cash Flow | $38M | $118M | — | -67.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $55M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$26M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $73M |
| EBIT | $31M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $55M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$26M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $73M |
| EBIT | $31M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$43M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$51M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $586M |
| Short-Term Investments | $0 |
| Net Receivables | $298M |
| Inventory | $543M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $2.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $98M |
| Tax Assets | $0 |
| Other Non-Current Assets | $176M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $523M |
| Short-Term Debt | $23M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $407M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $278M |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$658M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $849M |
| Minority Interest | $192M |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.6B |
| Net Debt | $1.0B |
