| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.8B | $7.6B | $7.8B | 3.0% | -0.5% |
| Op. Income | $39M | -$16M | $63M | 343.8% | -38.1% |
| Gross Margin | 12.4% | 13.6% | 13.7% | -1.3pp | -1.3pp |
| Net Margin | -0.2% | -0.5% | 0.2% | 0.3pp | -0.4pp |
| EPS (Diluted) | $-0.25 | $-0.66 | $0.31 | 62.1% | -180.6% |
| Free Cash Flow | $116M | -$328M | $448M | 135.4% | -74.1% |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $6.8B |
| GROSS PROFIT | $961M |
| R&D Expenses | $0 |
| Selling & Marketing | $926M |
| General & Administrative | -$4M |
| SG&A Expenses | $922M |
| Other Expenses | $1M |
| Operating Expenses | $922M |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $74M |
| EBIT | $18M |
| EBITDA | $117M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $74M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $106M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | -$129M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$116M |
| FREE CASH FLOW | $116M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $990M |
| Inventory | $2.3B |
| Other Current Assets | $246M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $3.2B |
| Goodwill | $20M |
| Intangible Assets | $685M |
| Long-Term Investments | $8M |
| Tax Assets | $34M |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $1.7B |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $162M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $616M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$86M |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $3.7B |
| Net Debt | $3.6B |
