| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $663M | $597M | $605M | 11.0% | 9.5% |
| Op. Income | $176M | $74M | $146M | 137.7% | 20.2% |
| Gross Margin | 51.1% | 38.9% | 48.7% | 12.1pp | 2.3pp |
| Net Margin | 15.4% | 3.1% | 14.6% | 12.3pp | 0.8pp |
| EPS (Diluted) | $0.51 | $0.09 | $0.44 | 450.2% | 15.9% |
| Free Cash Flow | -$70M | -$144M | $39M | 51.2% | -278.6% |
| Item | Amount |
|---|---|
| REVENUE | $663M |
| Cost of Revenue | $324M |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $162M |
| Operating Expenses | $162M |
| Cost & Expenses | $487M |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $65M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $136M |
| EBIT | $186M |
| EBITDA | $322M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $663M |
| Cost of Revenue | $324M |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $162M |
| Operating Expenses | $162M |
| Cost & Expenses | $487M |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $65M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $136M |
| EBIT | $186M |
| EBITDA | $322M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $136M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $253M |
| Capital Expenditure | -$323M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$346M |
| Net Debt Issuance | $162M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$84M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $89M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100.0K |
| Short-Term Investments | $0 |
| Net Receivables | $336M |
| Inventory | $384M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $787M |
| PP&E (Net) | $11.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $120M |
| Tax Assets | $0 |
| Other Non-Current Assets | $498M |
| TOTAL NON-CURRENT ASSETS | $12.4B |
| TOTAL ASSETS | $13.2B |
| Account Payables | $257M |
| Short-Term Debt | $441M |
| Deferred Revenue | $108M |
| Other Current Liabilities | $111M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $7.6B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $5.3B |
| Net Debt | $5.3B |
