| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.1B | -6.2% | -4.7% |
| Op. Income | $50M | $138M | $89M | -63.8% | -44.0% |
| Gross Margin | 23.7% | 29.0% | 26.0% | -5.3pp | -2.3pp |
| Net Margin | 0.9% | 8.3% | 4.7% | -7.3pp | -3.8pp |
| EPS (Diluted) | $0.01 | $0.10 | $0.05 | -89.7% | -80.0% |
| Free Cash Flow | $56M | $134M | $127M | -58.2% | -56.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $830M |
| GROSS PROFIT | $257M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $207M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $50M |
| Interest Income | $10M |
| Interest Expense | $42M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $276M |
| EBIT | $50M |
| EBITDA | $325M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $830M |
| GROSS PROFIT | $257M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $207M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $50M |
| Interest Income | $10M |
| Interest Expense | $42M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $276M |
| EBIT | $50M |
| EBITDA | $325M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $50M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $53M |
| NET CASH FROM INVESTING | $49M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $127M |
| NET CASH FROM FINANCING | $127M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $239M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $921M |
| Short-Term Investments | $108M |
| Net Receivables | $389M |
| Inventory | $0 |
| Other Current Assets | $447M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $218M |
| Goodwill | $558M |
| Intangible Assets | $1.1B |
| Long-Term Investments | $317M |
| Tax Assets | $234M |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $872M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $664M |
| Other Current Liabilities | $463M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | -$10M |
| Other Non-Current Liabilities | $194M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $63.0K |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | -$6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $219M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $9M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $2.4B |
| Net Debt | $1.5B |
