| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | — | -2.1% | — |
| Op. Income | $239M | $313M | — | -23.9% | — |
| Gross Margin | 38.0% | 40.1% | — | -2.1pp | — |
| Net Margin | 14.2% | 6.9% | — | 7.3pp | — |
| EPS (Diluted) | $0.42 | $0.22 | — | 90.9% | — |
| Free Cash Flow | $591M | $393M | — | 50.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $681M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $387M |
| Operating Expenses | $443M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $239M |
| Interest Income | $0 |
| Interest Expense | $133M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $261M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $255M |
| Net Income Deductions | -$339.0K |
| BOTTOM LINE NET INCOME | $255M |
| D&A | $397M |
| EBIT | $224M |
| EBITDA | $621M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $681M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $387M |
| Operating Expenses | $443M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $239M |
| Interest Income | $0 |
| Interest Expense | $133M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $261M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $255M |
| Net Income Deductions | -$339.0K |
| BOTTOM LINE NET INCOME | $255M |
| D&A | $397M |
| EBIT | $224M |
| EBITDA | $621M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $255M |
| Depreciation & Amortization | $397M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$109M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $605M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$587M |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$657M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | -$99M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$366M |
| Other Financing Activities | -$79M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $591M |
| Net Change in Cash | $385M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $0 |
| Net Receivables | $3.3B |
| Inventory | $0 |
| Other Current Assets | $87M |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $360M |
| Goodwill | $68M |
| Intangible Assets | $0 |
| Long-Term Investments | $1.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $37.2B |
| TOTAL NON-CURRENT ASSETS | $39.4B |
| TOTAL ASSETS | $45.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $13.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $14.3B |
| TOTAL LIABILITIES | $15.8B |
| Common Stock | $610M |
| Additional Paid-In Capital | $36.7B |
| Retained Earnings | -$8.0B |
| Treasury Stock | -$115M |
| Accum. Other Comp. Income | -$246M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.0B |
| Minority Interest | $712M |
| TOTAL EQUITY | $29.7B |
| TOTAL LIABILITIES & EQUITY | $45.5B |
| Total Debt | $14.3B |
| Net Debt | $11.6B |
