| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $630M | $525M | $717M | 19.9% | -12.2% |
| Op. Income | $251M | $207M | $221M | 21.0% | 13.2% |
| Gross Margin | 43.4% | 43.7% | 34.4% | -0.2pp | 9.0pp |
| Net Margin | 26.4% | 25.3% | 19.6% | 1.1pp | 6.8pp |
| EPS (Diluted) | $1.80 | $1.44 | $1.53 | 25.0% | 17.6% |
| Free Cash Flow | $80M | $24M | $108M | 234.5% | -25.8% |
| Item | Amount |
|---|---|
| REVENUE | $630M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $274M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $23M |
| Operating Expenses | $23M |
| Cost & Expenses | $379M |
| OPERATING INCOME | $251M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $119M |
| EBIT | $257M |
| EBITDA | $376M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $630M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $274M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $23M |
| Operating Expenses | $23M |
| Cost & Expenses | $379M |
| OPERATING INCOME | $251M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $119M |
| EBIT | $257M |
| EBITDA | $376M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $166M |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $27M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $315M |
| Capital Expenditure | -$235M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$269.0K |
| NET CASH FROM INVESTING | -$235M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$46M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$71M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $263M |
| Inventory | $56M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $419M |
| PP&E (Net) | $7.5B |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $79M |
| Tax Assets | $0 |
| Other Non-Current Assets | $666M |
| TOTAL NON-CURRENT ASSETS | $8.3B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $94M |
| Short-Term Debt | $279M |
| Deferred Revenue | $31M |
| Other Current Liabilities | $132M |
| TOTAL CURRENT LIABILITIES | $728M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $92M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $75M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $2.7B |
| Net Debt | $2.6B |
