| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $3.1B | 0.0% | 0.8% |
| Op. Income | $238M | $231M | $246M | 3.0% | -3.3% |
| Gross Margin | 42.3% | 40.9% | 40.9% | 1.4pp | 1.4pp |
| Net Margin | -0.4% | -1.3% | -1.2% | 0.9pp | 0.8pp |
| EPS (Diluted) | $-0.10 | $-0.31 | $-0.29 | 68.3% | 66.1% |
| Free Cash Flow | $13M | $3M | -$19M | 333.3% | 168.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $1.0B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $238M |
| Interest Income | $0 |
| Interest Expense | $216M |
| Other Income/Expenses | -$188M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $126M |
| EBIT | $248M |
| EBITDA | $374M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $125M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $87M |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | $101M |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$43M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $33M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $337M |
| Other Current Assets | $183M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $5.9B |
| Goodwill | $4.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $29M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $896M |
| Short-Term Debt | $141M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $636M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $11.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $351M |
| Other Non-Current Liabilities | $721M |
| TOTAL NON-CURRENT LIABILITIES | $13.1B |
| TOTAL LIABILITIES | $15.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.4B |
| Minority Interest | $562M |
| TOTAL EQUITY | -$879M |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $12.2B |
| Net Debt | $12.1B |
