| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $279M | $399M | $310M | -30.2% | -10.2% |
| Op. Income | $13M | $45M | $176M | -70.5% | -92.4% |
| Gross Margin | 52.2% | 51.4% | 62.6% | 0.8pp | -10.4pp |
| Net Margin | -21.6% | 0.4% | 30.1% | -22.0pp | -51.8pp |
| EPS (Diluted) | $-0.37 | $0.01 | $0.56 | -3717.0% | -167.1% |
| Free Cash Flow | $114M | $120M | $5M | -5.0% | 2194.3% |
| Item | Amount |
|---|---|
| REVENUE | $279M |
| Cost of Revenue | $133M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $110M |
| Operating Expenses | $132M |
| Cost & Expenses | $265M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | -$58M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $19M |
| Other Adjustments | $0 |
| NET INCOME | -$60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$60M |
| D&A | $118M |
| EBIT | -$42M |
| EBITDA | $76M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$60M |
| Depreciation & Amortization | $118M |
| Stock-Based Compensation | -$3M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $95M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $195M |
| Capital Expenditure | -$81M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$112M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | -$34M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $196M |
| Short-Term Investments | $0 |
| Net Receivables | $189M |
| Inventory | $33M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $541M |
| PP&E (Net) | $3.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $59M |
| Tax Assets | $102M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $264M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $497M |
| Long-Term Debt | $669M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $276M |
| Other Non-Current Liabilities | $940M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $26M |
| Retained Earnings | -$974M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $737M |
| Net Debt | $541M |
