| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.8B | $2.4B | -12.2% | 0.1% |
| Op. Income | $582M | $685M | $794M | -15.0% | -26.7% |
| Gross Margin | 35.8% | 35.5% | 44.3% | 0.3pp | -8.5pp |
| Net Margin | 17.9% | 19.3% | 24.4% | -1.4pp | -6.5pp |
| EPS (Diluted) | $0.87 | $1.06 | $1.18 | -17.9% | -26.3% |
| Free Cash Flow | -$355M | -$136M | -$133M | -161.0% | -166.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $867M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$18M |
| SG&A Expenses | -$18M |
| Other Expenses | $303M |
| Operating Expenses | $285M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $582M |
| Interest Income | $36M |
| Interest Expense | $218M |
| Other Income/Expenses | -$145M |
| INCOME BEFORE TAX | $437M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $434M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $434M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $434M |
| D&A | $327M |
| EBIT | $655M |
| EBITDA | $982M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $867M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$18M |
| SG&A Expenses | -$18M |
| Other Expenses | $303M |
| Operating Expenses | $285M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $582M |
| Interest Income | $36M |
| Interest Expense | $218M |
| Other Income/Expenses | -$145M |
| INCOME BEFORE TAX | $437M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $434M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $434M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $434M |
| D&A | $327M |
| EBIT | $655M |
| EBITDA | $982M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $434M |
| Depreciation & Amortization | $327M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $83M |
| Other Non-Cash Items | -$331M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $482M |
| Capital Expenditure | -$837M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$827M |
| Net Debt Issuance | -$395M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$299M |
| Other Financing Activities | -$40M |
| NET CASH FROM FINANCING | -$734M |
| FREE CASH FLOW | -$355M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $1.0B |
| Other Current Assets | $428M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $39.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.5B |
| TOTAL NON-CURRENT ASSETS | $48.8B |
| TOTAL ASSETS | $52.4B |
| Account Payables | $1.1B |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $18.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.9B |
| Other Non-Current Liabilities | $5.5B |
| TOTAL NON-CURRENT LIABILITIES | $31.0B |
| TOTAL LIABILITIES | $36.6B |
| Common Stock | $5.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $12.4B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$173M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.8B |
| TOTAL LIABILITIES & EQUITY | $52.4B |
| Total Debt | $21.6B |
| Net Debt | $21.4B |
