| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $695M | $783M | $738M | -11.2% | -5.8% |
| Op. Income | $49M | $98M | -$42M | -50.3% | 215.5% |
| Gross Margin | 29.2% | 30.6% | 18.6% | -1.4pp | 10.6pp |
| Net Margin | -10.0% | -9.1% | -16.8% | -0.9pp | 6.8pp |
| EPS (Diluted) | $-0.18 | $-0.19 | $-0.37 | 5.3% | 51.4% |
| Free Cash Flow | $10M | -$96M | -$57M | 110.7% | 118.0% |
| Item | Amount |
|---|---|
| REVENUE | $695M |
| Cost of Revenue | $492M |
| GROSS PROFIT | $203M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $154M |
| Other Expenses | $0 |
| Operating Expenses | $154M |
| Cost & Expenses | $646M |
| OPERATING INCOME | $49M |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$70M |
| Net Income from Discontinued Ops | $246.0K |
| Other Adjustments | $0 |
| NET INCOME | -$70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$70M |
| D&A | $21M |
| EBIT | $53M |
| EBITDA | $73M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$70M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $33.0K |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $613M |
| Short-Term Investments | $0 |
| Net Receivables | $376M |
| Inventory | $0 |
| Other Current Assets | $177M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $248M |
| Goodwill | $2.6B |
| Intangible Assets | $357M |
| Long-Term Investments | $22M |
| Tax Assets | $12M |
| Other Non-Current Assets | $307M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $237M |
| Short-Term Debt | $218M |
| Deferred Revenue | $82M |
| Other Current Liabilities | $91M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $240M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$4.2B |
| Treasury Stock | -$527M |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.5B |
| Minority Interest | $28M |
| TOTAL EQUITY | -$1.5B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $5.0B |
| Net Debt | $4.4B |
