| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $718M | $1.5B | 121.0% | 9.1% |
| Op. Income | $427M | -$70M | $363M | 705.6% | 17.5% |
| Gross Margin | 40.8% | 20.8% | 38.4% | 20.0pp | 2.4pp |
| Net Margin | 9.8% | -68.8% | 13.1% | 78.6pp | -3.2pp |
| EPS (Diluted) | $0.37 | $-2.23 | $0.44 | 116.6% | -15.9% |
| Free Cash Flow | $218M | $252M | $194M | -13.7% | 12.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $940M |
| GROSS PROFIT | $648M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $221M |
| Other Expenses | $0 |
| Operating Expenses | $221M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $427M |
| Interest Income | $15M |
| Interest Expense | $101M |
| Other Income/Expenses | -$264M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $61M |
| EBIT | $264M |
| EBITDA | $325M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $940M |
| GROSS PROFIT | $648M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $221M |
| Other Expenses | $0 |
| Operating Expenses | $221M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $427M |
| Interest Income | $15M |
| Interest Expense | $101M |
| Other Income/Expenses | -$264M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $61M |
| EBIT | $264M |
| EBITDA | $325M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $156M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $258M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $420M |
| Capital Expenditure | -$156M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$446.0K |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | -$140M |
| Common Stock Repurchased | -$124M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $47M |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $218M |
| Net Change in Cash | $169M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $251M |
| Inventory | $53M |
| Other Current Assets | $539M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $6.1B |
| Goodwill | $0 |
| Intangible Assets | $63M |
| Long-Term Investments | $10M |
| Tax Assets | $48M |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $6.3B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $275M |
| Short-Term Debt | $440M |
| Deferred Revenue | $3.8B |
| Other Current Liabilities | $351M |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $4M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$5.9B |
| Treasury Stock | -$124M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $197M |
| TOTAL STOCKHOLDERS' EQUITY | -$1.2B |
| Minority Interest | $4M |
| TOTAL EQUITY | -$1.2B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $5.3B |
| Net Debt | $3.5B |
