| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $313M | $318M | -22.9% | -24.0% |
| Op. Income | $125M | $188M | $200M | -33.6% | -37.8% |
| Gross Margin | 58.1% | 65.0% | 67.9% | -6.9pp | -9.8pp |
| Net Margin | 50.6% | 58.3% | 61.5% | -7.7pp | -11.0pp |
| EPS (Diluted) | $0.31 | $0.47 | $0.50 | -34.0% | -38.0% |
| Free Cash Flow | -$726M | $444M | $141M | -263.5% | -614.6% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $140M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $8M |
| Operating Expenses | $16M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $125M |
| Interest Income | $340M |
| Interest Expense | $101M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $125M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $0 |
| EBIT | $125M |
| EBITDA | $125M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $140M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $8M |
| Operating Expenses | $16M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $125M |
| Interest Income | $340M |
| Interest Expense | $101M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $125M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $0 |
| EBIT | $125M |
| EBITDA | $125M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $122M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$918M |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | -$726M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $522M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$156M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $364M |
| FREE CASH FLOW | -$726M |
| Net Change in Cash | -$363M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $276M |
| Short-Term Investments | $0 |
| Net Receivables | $140M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $421M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.4B |
| TOTAL NON-CURRENT ASSETS | $13.4B |
| TOTAL ASSETS | $13.9B |
| Account Payables | $154M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $154M |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $304M |
| TOTAL NON-CURRENT LIABILITIES | $7.7B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $4M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | $59M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $13.9B |
| Total Debt | $7.4B |
| Net Debt | $7.1B |
