| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $397M | $504M | $380M | -21.2% | 4.4% |
| Op. Income | $71M | $149M | $90M | -52.4% | -21.6% |
| Gross Margin | 21.8% | 33.4% | 28.2% | -11.6pp | -6.4pp |
| Net Margin | 17.8% | 27.2% | 21.6% | -9.4pp | -3.8pp |
| EPS (Diluted) | $1.35 | $2.62 | $1.58 | -48.5% | -14.6% |
| Free Cash Flow | $36M | $4M | -$12M | 727.0% | 410.3% |
| Item | Amount |
|---|---|
| REVENUE | $397M |
| Cost of Revenue | $310M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | -$1.0K |
| Operating Expenses | $15M |
| Cost & Expenses | $326M |
| OPERATING INCOME | $71M |
| Interest Income | $9M |
| Interest Expense | $915.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $38M |
| EBIT | $80M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $397M |
| Cost of Revenue | $310M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | -$1.0K |
| Operating Expenses | $15M |
| Cost & Expenses | $326M |
| OPERATING INCOME | $71M |
| Interest Income | $9M |
| Interest Expense | $915.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $38M |
| EBIT | $80M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $147M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$122M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $709M |
| Short-Term Investments | $9M |
| Net Receivables | $218M |
| Inventory | $174M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $66M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $174M |
| Long-Term Debt | $153M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $81M |
| Other Non-Current Liabilities | $99M |
| TOTAL NON-CURRENT LIABILITIES | $338M |
| TOTAL LIABILITIES | $512M |
| Common Stock | $545.0K |
| Additional Paid-In Capital | $282M |
| Retained Earnings | $1.8B |
| Treasury Stock | -$51M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $171M |
| Net Debt | -$538M |
