| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | — | $3.7B | — | -8.9% |
| Op. Income | $421M | — | $527M | — | -20.1% |
| Gross Margin | 12.9% | — | 25.8% | — | -12.9pp |
| Net Margin | -13.5% | — | 12.3% | — | -25.8pp |
| EPS (Diluted) | $-0.64 | — | $0.63 | — | -200.8% |
| Free Cash Flow | -$435M | — | -$143M | — | -203.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $431M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $421M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$781M |
| INCOME BEFORE TAX | -$360M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | -$431M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$451M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$451M |
| D&A | $250M |
| EBIT | $36M |
| EBITDA | $286M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$451M |
| Depreciation & Amortization | $250M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $289M |
| Change in Working Capital | $141M |
| OPERATING CASH FLOW | $238M |
| Capital Expenditure | -$673M |
| Acquisitions (Net) | -$184M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$846M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$435M |
| Net Change in Cash | $939M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $939M |
| Short-Term Investments | $0 |
| Net Receivables | $540M |
| Inventory | $1.6B |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $3.7B |
| Goodwill | $0 |
| Intangible Assets | $119M |
| Long-Term Investments | $645M |
| Tax Assets | $0 |
| Other Non-Current Assets | $535M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $929M |
| Short-Term Debt | $285M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $256M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$844M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $189M |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $2.3B |
| Net Debt | $1.3B |
