| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | — | $1.8B | — | 25.5% |
| Op. Income | $929M | — | $618M | — | 50.3% |
| Gross Margin | 47.0% | — | 32.0% | — | 15.0pp |
| Net Margin | -32.8% | — | 55.4% | — | -88.1pp |
| EPS (Diluted) | $-0.59 | — | $0.79 | — | -175.4% |
| Free Cash Flow | $357M | — | $233M | — | 53.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $141M |
| General & Administrative | $112M |
| SG&A Expenses | $253M |
| Other Expenses | -$95M |
| Operating Expenses | $159M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $929M |
| Interest Income | $92M |
| Interest Expense | $232M |
| Other Income/Expenses | -$2.2B |
| INCOME BEFORE TAX | -$1.3B |
| Income Tax Expense | -$543M |
| Net Income from Continuing Ops | -$759M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$759M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$759M |
| D&A | $429M |
| EBIT | -$1.1B |
| EBITDA | -$640M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$760M |
| Depreciation & Amortization | $433M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.6B |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$866M |
| Acquisitions (Net) | -$37M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $187M |
| NET CASH FROM INVESTING | -$715M |
| Net Debt Issuance | $301M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$227M |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | $357M |
| Net Change in Cash | $613M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $2.9B |
| Net Receivables | $1.7B |
| Inventory | $1.4B |
| Other Current Assets | $413M |
| TOTAL CURRENT ASSETS | $7.9B |
| PP&E (Net) | $13.5B |
| Goodwill | $1.7B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $86M |
| Tax Assets | $890M |
| Other Non-Current Assets | $5.5B |
| TOTAL NON-CURRENT ASSETS | $23.0B |
| TOTAL ASSETS | $30.8B |
| Account Payables | $1.0B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $31M |
| Other Current Liabilities | $259M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $16.4B |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $19.5B |
| TOTAL LIABILITIES | $22.7B |
| Common Stock | $3.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$709M |
| Treasury Stock | -$263M |
| Accum. Other Comp. Income | $5.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $24M |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $30.8B |
| Total Debt | $19.2B |
| Net Debt | $17.7B |
