The company said that for the six months ended June 2024, Consumer segment operating revenue rose to $50.0 billion, up 1.2%, while Business segment revenue fell to $14.7 billion, down 2.0%. For Q2 (3 months), the figures were $24.9 billion (up 1.5%) and $7.3 billion (down 2.4%), respectively.

1. 01

   The company said that for the six months ended June 2024, Consumer segment operating revenue rose to $50.0 billion, up 1.2%, while Business segment revenue fell to $14.7 billion, down 2.0%. For Q2 (3 months), the figures were $24.9 billion (up 1.5%) and $7.3 billion (down 2.4%), respectively.

2. 02

   The company said capital expenditures, including capitalized software, for the first half of 2024 totaled $8.1 billion, down about $2.0 billion from $10.1 billion in the same period a year earlier. It cited the completion of the accelerated C-Band $10 billion program in the first half of 2023 as the main factor. The company also said it expects full-year 2024 capital expenditures to be between $17.0 billion and $17.5 billion.

3. 03

   The company said net cash provided by operating activities for the first half of 2024 fell $1.5 billion from the same period a year earlier. It cited higher cash income tax payments, higher interest expense from a higher average interest rate partly offset by lower capitalized interest, and timing differences in working capital changes as factors.

4. 04

   The company said total debt as of June 30, 2024 was $149.3 billion, consisting of $125.3 billion in unsecured debt and $24.0 billion in secured debt, down from $150.7 billion as of December 31, 2023. Net cash used in financing activities for the first half of 2024 was $7.1 billion, and the effective interest rate was 5.1%.

Key figures

Quarter ended June 30, 2024

Revenue

$32.8B

Operating income

$7.8B

Net income

$4.6B

EPS

$1.09

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.