| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.4B | $6.3B | $7.0B | 16.2% | 4.5% |
| Op. Income | $398M | -$393M | $795M | 201.3% | -49.9% |
| Gross Margin | 20.3% | 9.9% | 24.9% | 10.4pp | -4.6pp |
| Net Margin | 5.0% | -3.6% | 9.7% | 8.6pp | -4.7pp |
| EPS (Diluted) | $0.58 | $-0.39 | $1.07 | 248.7% | -45.8% |
| Free Cash Flow | -$523M | -$696M | $483M | 24.9% | -208.3% |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.1B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $7.0B |
| OPERATING INCOME | $398M |
| Interest Income | $130M |
| Interest Expense | $55M |
| Other Income/Expenses | $80M |
| INCOME BEFORE TAX | $478M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $372M |
| D&A | $404M |
| EBIT | $533M |
| EBITDA | $937M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.1B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $7.0B |
| OPERATING INCOME | $398M |
| Interest Income | $130M |
| Interest Expense | $55M |
| Other Income/Expenses | $80M |
| INCOME BEFORE TAX | $478M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $372M |
| D&A | $404M |
| EBIT | $533M |
| EBITDA | $937M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $367M |
| Depreciation & Amortization | $404M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $111M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$908M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$500M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$206M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$523M |
| Net Change in Cash | -$225M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.1B |
| Short-Term Investments | $1.9B |
| Net Receivables | $1.3B |
| Inventory | $784M |
| Other Current Assets | $619M |
| TOTAL CURRENT ASSETS | $12.8B |
| PP&E (Net) | $20.8B |
| Goodwill | $970M |
| Intangible Assets | $300M |
| Long-Term Investments | $302M |
| Tax Assets | $0 |
| Other Non-Current Assets | $443M |
| TOTAL NON-CURRENT ASSETS | $22.8B |
| TOTAL ASSETS | $35.6B |
| Account Payables | $330M |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $7.1B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $14.1B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $2.0B |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $926M |
| TOTAL NON-CURRENT LIABILITIES | $11.0B |
| TOTAL LIABILITIES | $25.1B |
| Common Stock | $888M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $16.2B |
| Treasury Stock | -$10.8B |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $35.6B |
| Total Debt | $9.1B |
| Net Debt | $967M |
