| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | — | $3.2B | — | 41.6% |
| Op. Income | -$63M | — | -$595M | — | 89.4% |
| Gross Margin | 9.1% | — | -3.6% | — | 12.8pp |
| Net Margin | -7.6% | — | -18.1% | — | 10.6pp |
| EPS (Diluted) | $-0.41 | — | $-0.74 | — | 45.1% |
| Free Cash Flow | $283M | — | -$52M | — | 649.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $414M |
| R&D Expenses | $232M |
| Selling & Marketing | $28M |
| General & Administrative | $159M |
| SG&A Expenses | $187M |
| Other Expenses | $58M |
| Operating Expenses | $477M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | -$63M |
| Interest Income | $11M |
| Interest Expense | $161M |
| Other Income/Expenses | -$229M |
| INCOME BEFORE TAX | -$292M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | -$318M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$342M |
| D&A | $932M |
| EBIT | -$131M |
| EBITDA | $801M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$344M |
| Depreciation & Amortization | $938M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $67M |
| Change in Working Capital | -$143M |
| OPERATING CASH FLOW | $519M |
| Capital Expenditure | -$235M |
| Acquisitions (Net) | $96M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $333M |
| Other Investing Activities | -$50M |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | -$805M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$101M |
| NET CASH FROM FINANCING | -$919M |
| FREE CASH FLOW | $283M |
| Net Change in Cash | -$444M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $249M |
| Net Receivables | $2M |
| Inventory | $2M |
| Other Current Assets | $5.0B |
| TOTAL CURRENT ASSETS | $6.6B |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $862.8K |
| Long-Term Investments | $200M |
| Tax Assets | $2M |
| Other Non-Current Assets | $16.8B |
| TOTAL NON-CURRENT ASSETS | $17.1B |
| TOTAL ASSETS | $23.7B |
| Account Payables | $2M |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $423.1K |
| Other Current Liabilities | $5.7B |
| TOTAL CURRENT LIABILITIES | $9.7B |
| Long-Term Debt | $6.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $771.5K |
| Other Non-Current Liabilities | $870M |
| TOTAL NON-CURRENT LIABILITIES | $7.8B |
| TOTAL LIABILITIES | $17.5B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $933M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $628M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $1.0B |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $23.7B |
| Total Debt | $11.0B |
| Net Debt | $9.6B |
