| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $4.2B | $4.7B | 35.8% | 22.7% |
| Op. Income | $2.0B | $428M | $1.5B | 366.1% | 33.6% |
| Gross Margin | 45.2% | 16.1% | 36.6% | 29.1pp | 8.6pp |
| Net Margin | 30.8% | 9.9% | 26.8% | 20.8pp | 4.0pp |
| EPS (Diluted) | $3.51 | $1.36 | $2.22 | 158.6% | 57.9% |
| Free Cash Flow | -$155M | $731M | -$161M | -121.2% | 3.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $280M |
| General & Administrative | $0 |
| SG&A Expenses | $280M |
| Other Expenses | $333M |
| Operating Expenses | $612M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.0B |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $237M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $332M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $280M |
| General & Administrative | $0 |
| SG&A Expenses | $280M |
| Other Expenses | $333M |
| Operating Expenses | $612M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.0B |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $237M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $332M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $332M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $237M |
| Other Non-Cash Items | $228M |
| Change in Working Capital | -$2.1B |
| OPERATING CASH FLOW | $455M |
| Capital Expenditure | -$610M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.8B |
| NET CASH FROM INVESTING | $1.1B |
| Net Debt Issuance | -$1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | -$155M |
| Net Change in Cash | $357M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $469M |
| Net Receivables | $111M |
| Inventory | $5M |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $13.0B |
| Goodwill | $0 |
| Intangible Assets | $171M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $257M |
| TOTAL NON-CURRENT ASSETS | $13.4B |
| TOTAL ASSETS | $19.1B |
| Account Payables | $1.0B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $552M |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $564M |
| Other Non-Current Liabilities | $323M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $10.1B |
| Common Stock | $8M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $7.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$359M |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.1B |
| TOTAL LIABILITIES & EQUITY | $19.1B |
| Total Debt | $3.2B |
| Net Debt | -$214M |
