| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $240M | $239M | $167M | 0.4% | 43.8% |
| Op. Income | $70M | $67M | $80M | 4.8% | -12.1% |
| Gross Margin | 34.1% | 32.4% | 51.2% | 1.7pp | -17.0pp |
| Net Margin | 16.5% | 17.4% | 46.6% | -1.0pp | -30.1pp |
| EPS (Diluted) | $0.42 | $0.44 | $1.10 | -4.5% | -61.8% |
| Free Cash Flow | $47M | $89M | $23M | -46.5% | 105.2% |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $82M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $170M |
| OPERATING INCOME | $70M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $68M |
| EBIT | $67M |
| EBITDA | $135M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $82M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $170M |
| OPERATING INCOME | $70M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $68M |
| EBIT | $67M |
| EBITDA | $135M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $39M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | -$570.0K |
| Common Dividends Paid | -$71M |
| Other Financing Activities | -$407.0K |
| NET CASH FROM FINANCING | -$93M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $0 |
| Net Receivables | $146M |
| Inventory | $27M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $335M |
| PP&E (Net) | $1.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $38M |
| Short-Term Debt | $83M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $320M |
| Long-Term Debt | $707M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $90M |
| TOTAL NON-CURRENT LIABILITIES | $802M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $802M |
| Net Debt | $658M |
