| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $950M | — | 75.5% | — |
| Op. Income | $49M | $27M | — | 80.8% | — |
| Gross Margin | 23.1% | 73.0% | — | -49.9pp | — |
| Net Margin | -13.0% | -17.2% | — | 4.2pp | — |
| EPS (Diluted) | $-2.99 | $-1.68 | — | -78.0% | — |
| Free Cash Flow | $262M | $127M | — | 106.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $386M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $80M |
| SG&A Expenses | $373M |
| Other Expenses | -$36M |
| Operating Expenses | $337M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $49M |
| Interest Income | $382M |
| Interest Expense | $634M |
| Other Income/Expenses | -$251M |
| INCOME BEFORE TAX | -$203M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | -$214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$337.2K |
| NET INCOME | -$217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$217M |
| D&A | $597M |
| EBIT | $431M |
| EBITDA | $1.0B |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$94M |
| Depreciation & Amortization | $338M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $25M |
| Other Non-Cash Items | $117M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $388M |
| Capital Expenditure | -$127M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$227M |
| NET CASH FROM INVESTING | -$354M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | $262M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $501M |
| Inventory | $0 |
| Other Current Assets | $727M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $4.5B |
| Goodwill | $7.7B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $344M |
| TOTAL NON-CURRENT ASSETS | $14.2B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $309M |
| Short-Term Debt | $397M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $9M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$246M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $31M |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $1.7B |
| Net Debt | $1.7B |
