| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $403M | $142M | $356M | 183.1% | 13.1% |
| Op. Income | $137M | -$33M | $113M | 511.1% | 21.1% |
| Gross Margin | 49.6% | 28.5% | 49.3% | 21.1pp | 0.4pp |
| Net Margin | 31.1% | -35.6% | 27.3% | 66.7pp | 3.8pp |
| EPS (Diluted) | $2.59 | $-1.00 | $1.90 | 359.0% | 36.3% |
| Free Cash Flow | $96M | -$2M | $122M | 5006.6% | -21.5% |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $203M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $62M |
| Operating Expenses | $62M |
| Cost & Expenses | $265M |
| OPERATING INCOME | $137M |
| Interest Income | $1M |
| Interest Expense | $15M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $13M |
| EBIT | $137M |
| EBITDA | $150M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $203M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $62M |
| Operating Expenses | $62M |
| Cost & Expenses | $265M |
| OPERATING INCOME | $137M |
| Interest Income | $1M |
| Interest Expense | $15M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $13M |
| EBIT | $137M |
| EBITDA | $150M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $125M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $640.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$99M |
| Common Stock Repurchased | $512.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$413.0K |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $96M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $151M |
| Inventory | $5M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $250M |
| PP&E (Net) | $936M |
| Goodwill | $69M |
| Intangible Assets | $64M |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $35M |
| Short-Term Debt | $16M |
| Deferred Revenue | $236M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $538M |
| Long-Term Debt | $606M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $984M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $524.0K |
| Additional Paid-In Capital | $25M |
| Retained Earnings | $46M |
| Treasury Stock | -$141M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$102M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$102M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $968M |
| Net Debt | $933M |
