| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $349M | — | $456M | — | -23.5% |
| Op. Income | $2M | — | $900M | — | -99.7% |
| Gross Margin | 49.5% | — | 57.0% | — | -7.5pp |
| Net Margin | 4.3% | — | 138.2% | — | -133.8pp |
| EPS (Diluted) | $0.32 | — | $10.89 | — | -97.1% |
| Free Cash Flow | -$37M | — | -$122M | — | 69.9% |
| Item | Amount |
|---|---|
| REVENUE | $349M |
| Cost of Revenue | $176M |
| GROSS PROFIT | $173M |
| R&D Expenses | $0 |
| Selling & Marketing | $40M |
| General & Administrative | $4M |
| SG&A Expenses | $44M |
| Other Expenses | $126M |
| Operating Expenses | $170M |
| Cost & Expenses | $346M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $61M |
| Other Income/Expenses | -$85M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | -$98M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $134M |
| EBIT | -$8M |
| EBITDA | $126M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $142M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$198M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$184M |
| Net Debt Issuance | $147M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$55M |
| Other Financing Activities | -$61M |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $180M |
| Inventory | $0 |
| Other Current Assets | $105M |
| TOTAL CURRENT ASSETS | $289M |
| PP&E (Net) | $3.2B |
| Goodwill | $0 |
| Intangible Assets | $16M |
| Long-Term Investments | $76M |
| Tax Assets | $0 |
| Other Non-Current Assets | $262M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $60M |
| Short-Term Debt | $212M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $372M |
| TOTAL CURRENT LIABILITIES | $658M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $13M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$592M |
| Treasury Stock | -$109M |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $536M |
| Minority Interest | $12M |
| TOTAL EQUITY | $548M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.7B |
| Net Debt | $1.7B |
