| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.7B | 1.2% | 0.2% |
| Op. Income | -$424M | -$381M | $492M | -11.3% | -186.2% |
| Gross Margin | 16.9% | 26.7% | 61.0% | -9.8pp | -44.1pp |
| Net Margin | -19.4% | -19.9% | 24.9% | 0.5pp | -44.3pp |
| EPS (Diluted) | $-1.14 | $-1.36 | $1.66 | 16.2% | -168.7% |
| Free Cash Flow | $774M | -$332M | -$4.6B | 333.1% | 116.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $586M |
| SG&A Expenses | $586M |
| Other Expenses | $119M |
| Operating Expenses | $705M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | -$424M |
| Interest Income | $1.5B |
| Interest Expense | $991M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$424M |
| Income Tax Expense | -$101M |
| Net Income from Continuing Ops | -$323M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$323M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$333M |
| D&A | $44M |
| EBIT | -$424M |
| EBITDA | -$380M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$323M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$78M |
| Other Non-Cash Items | $417M |
| Change in Working Capital | $721M |
| OPERATING CASH FLOW | $796M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $480M |
| Other Investing Activities | $349M |
| NET CASH FROM INVESTING | -$788M |
| Net Debt Issuance | $1.9B |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $4.2B |
| NET CASH FROM FINANCING | $6.0B |
| FREE CASH FLOW | $774M |
| Net Change in Cash | $6.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19.0B |
| Short-Term Investments | $1.1B |
| Net Receivables | $2.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.9B |
| PP&E (Net) | $691M |
| Goodwill | $0 |
| Intangible Assets | $1.7B |
| Long-Term Investments | $78.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $15.4B |
| TOTAL NON-CURRENT ASSETS | $96.2B |
| TOTAL ASSETS | $119.1B |
| Account Payables | $0 |
| Short-Term Debt | $121M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $79.0B |
| TOTAL CURRENT LIABILITIES | $79.2B |
| Long-Term Debt | $28.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $31.5B |
| TOTAL LIABILITIES | $110.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $9.0B |
| Retained Earnings | -$270M |
| Treasury Stock | -$223M |
| Accum. Other Comp. Income | -$614M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $119.1B |
| Total Debt | $28.9B |
| Net Debt | $9.9B |
