| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $626M | $596M | — | 4.9% | — |
| Op. Income | $11M | $110M | — | -90.2% | — |
| Gross Margin | 55.2% | 50.1% | — | 5.0pp | — |
| Net Margin | -4.7% | 7.7% | — | -12.3pp | — |
| EPS (Diluted) | $-0.66 | $1.03 | — | -164.1% | — |
| Free Cash Flow | $95M | $144M | — | -34.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $626M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $345M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $208M |
| Other Expenses | $126M |
| Operating Expenses | $334M |
| Cost & Expenses | $615M |
| OPERATING INCOME | $11M |
| Interest Income | $9M |
| Interest Expense | $43M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $239M |
| EBIT | $22M |
| EBITDA | $260M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $246M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55M |
| Change in Working Capital | -$176M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$960M |
| Common Stock Repurchased | -$665.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $978M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | $112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $803M |
| Short-Term Investments | $0 |
| Net Receivables | $643M |
| Inventory | $7M |
| Other Current Assets | $265M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $205M |
| Goodwill | $554M |
| Intangible Assets | $2.0B |
| Long-Term Investments | $174M |
| Tax Assets | $13M |
| Other Non-Current Assets | $185M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $110M |
| Short-Term Debt | $33M |
| Deferred Revenue | $58M |
| Other Current Liabilities | $512M |
| TOTAL CURRENT LIABILITIES | $808M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $156M |
| Other Non-Current Liabilities | $220M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $782.0K |
| Additional Paid-In Capital | $374M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$248M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $208M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $2.5B |
| Net Debt | $1.7B |
