| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $973M | $865M | $967M | 12.5% | 0.6% |
| Op. Income | $25M | -$31M | $79M | 180.6% | -68.4% |
| Gross Margin | 7.4% | -7.2% | 18.2% | 14.6pp | -10.8pp |
| Net Margin | 3.2% | -3.0% | 7.3% | 6.2pp | -4.2pp |
| EPS (Diluted) | $0.14 | $-0.12 | $0.31 | 216.7% | -54.8% |
| Free Cash Flow | -$22M | -$39M | -$30M | 43.6% | 26.7% |
| Item | Amount |
|---|---|
| REVENUE | $973M |
| Cost of Revenue | $901M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $47M |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | -$1M |
| Operating Expenses | $46M |
| Cost & Expenses | $948M |
| OPERATING INCOME | $25M |
| Interest Income | $8M |
| Interest Expense | $1M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $18M |
| EBIT | -$52M |
| EBITDA | -$34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $973M |
| Cost of Revenue | $901M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $47M |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | -$1M |
| Operating Expenses | $46M |
| Cost & Expenses | $948M |
| OPERATING INCOME | $25M |
| Interest Income | $8M |
| Interest Expense | $1M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $18M |
| EBIT | -$52M |
| EBITDA | -$34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$77M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $54M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $54M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $658M |
| Short-Term Investments | $0 |
| Net Receivables | $95M |
| Inventory | $78M |
| Other Current Assets | $98M |
| TOTAL CURRENT ASSETS | $947M |
| PP&E (Net) | $4.3B |
| Goodwill | $0 |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $384M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $137M |
| Short-Term Debt | $263M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $528M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $189M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $143M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $411M |
| Retained Earnings | $116M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $520M |
| Minority Interest | $0 |
| TOTAL EQUITY | $520M |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $4.1B |
| Net Debt | $3.4B |
