| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $758M | $929M | $648M | -18.4% | 17.0% |
| Op. Income | $116M | $162M | $81M | -28.4% | 43.2% |
| Gross Margin | 49.6% | 45.7% | 50.5% | 3.9pp | -0.9pp |
| Net Margin | 9.5% | 11.7% | 6.0% | -2.2pp | 3.5pp |
| EPS (Diluted) | $0.70 | $1.08 | $0.39 | -35.2% | 79.5% |
| Free Cash Flow | -$109M | -$150M | -$117M | 27.3% | 6.8% |
| Item | Amount |
|---|---|
| REVENUE | $758M |
| Cost of Revenue | $382M |
| GROSS PROFIT | $376M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $165M |
| Operating Expenses | $260M |
| Cost & Expenses | $642M |
| OPERATING INCOME | $116M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $122M |
| EBIT | $118M |
| EBITDA | $240M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $758M |
| Cost of Revenue | $382M |
| GROSS PROFIT | $376M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $165M |
| Operating Expenses | $260M |
| Cost & Expenses | $642M |
| OPERATING INCOME | $116M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $122M |
| EBIT | $118M |
| EBITDA | $240M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $189M |
| Capital Expenditure | -$298M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$308M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$48M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | -$109M |
| Net Change in Cash | -$170M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $385M |
| Inventory | $117M |
| Other Current Assets | $257M |
| TOTAL CURRENT ASSETS | $848M |
| PP&E (Net) | $9.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $861M |
| TOTAL NON-CURRENT ASSETS | $10.7B |
| TOTAL ASSETS | $11.6B |
| Account Payables | $259M |
| Short-Term Debt | $80M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $383M |
| TOTAL CURRENT LIABILITIES | $850M |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $540M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $11.6B |
| Total Debt | $4.7B |
| Net Debt | $4.7B |
