| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.7B | $8.6B | — | 1.0% | — |
| Op. Income | -$75M | $145M | — | -151.4% | — |
| Gross Margin | 0.1% | 2.5% | — | -2.5pp | — |
| Net Margin | -0.7% | 1.2% | — | -2.0pp | — |
| EPS (Diluted) | $-0.56 | $0.86 | — | -165.1% | — |
| Free Cash Flow | $372M | -$124M | — | 400.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $8.7B |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $16M |
| Operating Expenses | $81M |
| Cost & Expenses | $8.8B |
| OPERATING INCOME | -$75M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | -$25M |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$65M |
| Net Income Deductions | $600.0K |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | $162M |
| EBIT | -$74M |
| EBITDA | $88M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$65M |
| Depreciation & Amortization | $158M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | $291M |
| OPERATING CASH FLOW | $425M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$259M |
| NET CASH FROM INVESTING | -$333M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | -$166M |
| FREE CASH FLOW | $372M |
| Net Change in Cash | -$74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $2.9B |
| Other Current Assets | $306M |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $5.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $867M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $14.1B |
| Account Payables | $1.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $443M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $7.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $141M |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $2.1B |
| Net Debt | $698M |
