| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.7B | 0.3% | 7.8% |
| Op. Income | $280M | $302M | $1.7B | -7.3% | -84.0% |
| Gross Margin | 96.7% | 101.3% | 100.0% | -4.6pp | -3.3pp |
| Net Margin | 11.1% | 12.9% | 11.4% | -1.8pp | -0.4pp |
| EPS (Diluted) | $2.49 | $2.89 | $2.35 | -13.8% | 6.0% |
| Free Cash Flow | -$121M | $69M | $95M | -275.4% | -227.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | -$14M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.5B |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $280M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | -$290M |
| EBIT | $290M |
| EBITDA | -$19M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | -$14M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.5B |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $280M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | -$290M |
| EBIT | $290M |
| EBITDA | -$19M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $209M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$299M |
| OPERATING CASH FLOW | -$88M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $25M |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $149M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | -$121M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | -$17.1B |
| Other Current Assets | $17.1B |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $206M |
| Goodwill | $305M |
| Intangible Assets | $532M |
| Long-Term Investments | $1.9B |
| Tax Assets | $11.3B |
| Other Non-Current Assets | $14.6B |
| TOTAL NON-CURRENT ASSETS | $28.8B |
| TOTAL ASSETS | $29.9B |
| Account Payables | $1.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.4B |
| TOTAL CURRENT LIABILITIES | $9.6B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23.8B |
| TOTAL NON-CURRENT LIABILITIES | $25.5B |
| TOTAL LIABILITIES | $25.5B |
| Common Stock | $84M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$331M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $29.9B |
| Total Debt | $1.7B |
| Net Debt | $380M |
