| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | — | 3.0% | — |
| Op. Income | $197M | $138M | — | 42.8% | — |
| Gross Margin | 12.7% | 10.7% | — | 2.0pp | — |
| Net Margin | 7.2% | 3.3% | — | 3.9pp | — |
| EPS (Diluted) | $1.25 | $0.56 | — | 123.2% | — |
| Free Cash Flow | $16M | -$161M | — | 109.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $265M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $35M |
| Operating Expenses | $68M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $197M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $122M |
| EBIT | $203M |
| EBITDA | $325M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $265M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $35M |
| Operating Expenses | $68M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $197M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $122M |
| EBIT | $203M |
| EBITDA | $325M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $150M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$107M |
| OPERATING CASH FLOW | $206M |
| Capital Expenditure | -$190M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$184M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $250M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $210M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $4.0B |
| Goodwill | $1.5B |
| Intangible Assets | $392M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $256M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $477M |
| Short-Term Debt | $64M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $364M |
| Other Non-Current Liabilities | $381M |
| TOTAL NON-CURRENT LIABILITIES | $4.7B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $402M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$225M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $4.1B |
| Net Debt | $3.9B |
