| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $826M | $823M | $813M | 0.4% | 1.6% |
| Op. Income | $152M | $124M | $119M | 22.6% | 27.7% |
| Gross Margin | 29.9% | 26.6% | 30.8% | 3.3pp | -0.8pp |
| Net Margin | 2.7% | 10.7% | 0.5% | -8.0pp | 2.2pp |
| EPS (Diluted) | $0.09 | $0.79 | $-0.10 | -88.1% | 196.9% |
| Free Cash Flow | -$11M | $34M | -$56M | -132.4% | 80.4% |
| Item | Amount |
|---|---|
| REVENUE | $826M |
| Cost of Revenue | $579M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | $67M |
| Operating Expenses | $95M |
| Cost & Expenses | $674M |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $118M |
| Other Income/Expenses | -$123M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $74M |
| EBIT | $147M |
| EBITDA | $221M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $826M |
| Cost of Revenue | $579M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | $67M |
| Operating Expenses | $95M |
| Cost & Expenses | $674M |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $118M |
| Other Income/Expenses | -$123M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $74M |
| EBIT | $147M |
| EBITDA | $221M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $74M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$86M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$40M |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $344M |
| Inventory | $0 |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $538M |
| PP&E (Net) | $1.7B |
| Goodwill | $2.6B |
| Intangible Assets | $5.7B |
| Long-Term Investments | $86M |
| Tax Assets | $0 |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $10.6B |
| Account Payables | $32M |
| Short-Term Debt | $13M |
| Deferred Revenue | $23M |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $331M |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $7.6B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | -$317M |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $6.2B |
| Net Debt | $6.1B |
