| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.3B | $2.7B | -13.4% | 7.1% |
| Op. Income | $502M | $536M | $397M | -6.3% | 26.4% |
| Gross Margin | 36.6% | 19.8% | 33.9% | 16.8pp | 2.7pp |
| Net Margin | 11.2% | 9.4% | 7.5% | 1.8pp | 3.7pp |
| EPS (Diluted) | $1.55 | $1.51 | $0.97 | 2.6% | 59.8% |
| Free Cash Flow | -$266M | -$6M | -$96M | -4333.3% | -177.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $550M |
| Operating Expenses | $550M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $502M |
| Interest Income | $39M |
| Interest Expense | $233M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | $358M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $436M |
| EBIT | $591M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $550M |
| Operating Expenses | $550M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $502M |
| Interest Income | $39M |
| Interest Expense | $233M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | $358M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $436M |
| EBIT | $591M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $322M |
| Depreciation & Amortization | $436M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $109M |
| Other Non-Cash Items | -$43M |
| Change in Working Capital | -$58M |
| OPERATING CASH FLOW | $775M |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $239M |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$202M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $887M |
| FREE CASH FLOW | -$266M |
| Net Change in Cash | -$262M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $1.1B |
| Net Receivables | $1.8B |
| Inventory | $1.2B |
| Other Current Assets | $767M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $29.6B |
| Goodwill | $2.0B |
| Intangible Assets | $152M |
| Long-Term Investments | $291M |
| Tax Assets | $2.8B |
| Other Non-Current Assets | $8.4B |
| TOTAL NON-CURRENT ASSETS | $43.3B |
| TOTAL ASSETS | $47.8B |
| Account Payables | $1.3B |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $422M |
| Other Current Liabilities | $763M |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $19.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.8B |
| Other Non-Current Liabilities | $7.9B |
| TOTAL NON-CURRENT LIABILITIES | $30.2B |
| TOTAL LIABILITIES | $36.7B |
| Common Stock | $6.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.1B |
| Minority Interest | $6M |
| TOTAL EQUITY | $11.1B |
| TOTAL LIABILITIES & EQUITY | $47.8B |
| Total Debt | $23.2B |
| Net Debt | $23.2B |
