| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $574M | $561M | $583M | 2.2% | -1.6% |
| Op. Income | $56M | $49M | -$621M | 14.7% | 109.0% |
| Gross Margin | 43.0% | 34.6% | 45.6% | 8.4pp | -2.7pp |
| Net Margin | 0.2% | 0.3% | -114.9% | -0.0pp | 115.2pp |
| EPS (Diluted) | $-0.15 | $-0.15 | $-7.95 | 0.0% | 98.1% |
| Free Cash Flow | $3M | $23M | -$8M | -88.0% | 133.5% |
| Item | Amount |
|---|---|
| REVENUE | $574M |
| Cost of Revenue | $327M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $152M |
| SG&A Expenses | $152M |
| Other Expenses | $39M |
| Operating Expenses | $191M |
| Cost & Expenses | $518M |
| OPERATING INCOME | $56M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $38M |
| EBIT | $55M |
| EBITDA | $94M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| REVENUE | $574M |
| Cost of Revenue | $327M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $152M |
| SG&A Expenses | $152M |
| Other Expenses | $39M |
| Operating Expenses | $191M |
| Cost & Expenses | $518M |
| OPERATING INCOME | $56M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $38M |
| EBIT | $55M |
| EBITDA | $94M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$551.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $218.0K |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$784.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $579M |
| Inventory | -$579M |
| Other Current Assets | $628M |
| TOTAL CURRENT ASSETS | $655M |
| PP&E (Net) | $561M |
| Goodwill | $2.0B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $24M |
| Tax Assets | $298M |
| Other Non-Current Assets | $93M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $86M |
| Short-Term Debt | $16M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $266M |
| TOTAL CURRENT LIABILITIES | $438M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $298M |
| Other Non-Current Liabilities | $367M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $861.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$619M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$75M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $3.0B |
| Net Debt | $3.0B |
