| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | -6.2% | -11.1% |
| Op. Income | $48M | $88M | $96M | -45.5% | -50.0% |
| Gross Margin | 21.4% | 23.7% | 24.1% | -2.3pp | -2.8pp |
| Net Margin | 3.3% | 6.3% | 5.4% | -3.0pp | -2.1pp |
| EPS (Diluted) | $0.32 | $0.64 | $0.53 | -50.0% | -39.6% |
| Free Cash Flow | $279M | $182M | $99M | 53.3% | 181.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $857M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $87M |
| SG&A Expenses | $87M |
| Other Expenses | $98M |
| Operating Expenses | $185M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $48M |
| Interest Income | $973M |
| Interest Expense | $843M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $0 |
| EBIT | $48M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $857M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $87M |
| SG&A Expenses | $87M |
| Other Expenses | $98M |
| Operating Expenses | $185M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $48M |
| Interest Income | $973M |
| Interest Expense | $843M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $0 |
| EBIT | $48M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $214M |
| OPERATING CASH FLOW | $279M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3.3B |
| NET CASH FROM INVESTING | $3.3B |
| Net Debt Issuance | -$2.4B |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | $279M |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $49.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.4B |
| TOTAL NON-CURRENT ASSETS | $53.5B |
| TOTAL ASSETS | $56.6B |
| Account Payables | $0 |
| Short-Term Debt | $4.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $48.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $630M |
| TOTAL NON-CURRENT LIABILITIES | $49.5B |
| TOTAL LIABILITIES | $53.9B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$5.3B |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $56.6B |
| Total Debt | $53.2B |
| Net Debt | $52.2B |
