| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $5.9B | $5.3B | 2.1% | 13.2% |
| Op. Income | $1.1B | $1.3B | $794M | -11.3% | 42.4% |
| Gross Margin | 18.9% | 21.8% | 15.0% | -2.9pp | 3.9pp |
| Net Margin | 8.8% | 12.5% | 7.8% | -3.8pp | 1.0pp |
| EPS (Diluted) | $0.24 | $0.34 | $0.19 | -29.4% | 26.3% |
| Free Cash Flow | -$1.6B | -$377M | -$1.1B | -321.0% | -42.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $1.1B |
| Interest Income | $202M |
| Interest Expense | $812M |
| Other Income/Expenses | -$525M |
| INCOME BEFORE TAX | $606M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $524M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $524M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $520M |
| D&A | $1.1B |
| EBIT | $1.4B |
| EBITDA | $2.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $1.1B |
| Interest Income | $202M |
| Interest Expense | $812M |
| Other Income/Expenses | -$525M |
| INCOME BEFORE TAX | $606M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $524M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $524M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $520M |
| D&A | $1.1B |
| EBIT | $1.4B |
| EBITDA | $2.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $524M |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $246M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $711M |
| Capital Expenditure | -$2.3B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$683M |
| Sales/Maturities of Investments | $680M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$2.3B |
| Net Debt Issuance | $2.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $79M |
| NET CASH FROM FINANCING | $2.1B |
| FREE CASH FLOW | -$1.6B |
| Net Change in Cash | $532M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $12.1B |
| Inventory | $823M |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $16.7B |
| PP&E (Net) | $85.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $24.5B |
| TOTAL NON-CURRENT ASSETS | $114.0B |
| TOTAL ASSETS | $130.8B |
| Account Payables | $2.1B |
| Short-Term Debt | $6.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.2B |
| TOTAL CURRENT LIABILITIES | $18.5B |
| Long-Term Debt | $52.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $30.1B |
| TOTAL NON-CURRENT LIABILITIES | $85.7B |
| TOTAL LIABILITIES | $104.3B |
| Common Stock | $30.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.3B |
| Minority Interest | $252M |
| TOTAL EQUITY | $26.5B |
| TOTAL LIABILITIES & EQUITY | $130.8B |
| Total Debt | $60.6B |
| Net Debt | $59.3B |
