| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $894M | $1.0B | $912M | -13.3% | -2.0% |
| Op. Income | $130M | $222M | $217M | -41.4% | -40.1% |
| Gross Margin | 38.8% | 42.9% | 45.2% | -4.1pp | -6.4pp |
| Net Margin | 9.7% | 15.3% | 17.5% | -5.6pp | -7.8pp |
| EPS (Diluted) | $0.34 | $0.62 | $0.64 | -45.2% | -46.9% |
| Free Cash Flow | -$195M | -$203M | -$246M | 3.9% | 20.7% |
| Item | Amount |
|---|---|
| REVENUE | $894M |
| Cost of Revenue | $547M |
| GROSS PROFIT | $347M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $217M |
| Operating Expenses | $217M |
| Cost & Expenses | $764M |
| OPERATING INCOME | $130M |
| Interest Income | $0 |
| Interest Expense | $108M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $188M |
| EBIT | $162M |
| EBITDA | $350M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $894M |
| Cost of Revenue | $547M |
| GROSS PROFIT | $347M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $217M |
| Operating Expenses | $217M |
| Cost & Expenses | $764M |
| OPERATING INCOME | $130M |
| Interest Income | $0 |
| Interest Expense | $108M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $188M |
| EBIT | $162M |
| EBITDA | $350M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $188M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | $73M |
| Change in Working Capital | -$132M |
| OPERATING CASH FLOW | $255M |
| Capital Expenditure | -$450M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | $147M |
| NET CASH FROM INVESTING | -$180M |
| Net Debt Issuance | $85M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$123M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | -$195M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $409M |
| Inventory | $323M |
| Other Current Assets | $390M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $17.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $623M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $20.6B |
| TOTAL ASSETS | $21.8B |
| Account Payables | $581M |
| Short-Term Debt | $856M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $417M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $8.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $13.2B |
| TOTAL LIABILITIES | $15.0B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $3.8B |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.8B |
| TOTAL LIABILITIES & EQUITY | $21.8B |
| Total Debt | $9.8B |
| Net Debt | $9.7B |
