| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $741M | $821M | $991M | -9.8% | -25.3% |
| Op. Income | $38M | $40M | $92M | -5.7% | -58.9% |
| Gross Margin | 25.2% | 26.2% | 33.3% | -1.0pp | -8.1pp |
| Net Margin | 2.2% | 2.1% | 6.1% | 0.1pp | -4.0pp |
| EPS (Diluted) | $0.42 | $0.45 | $1.55 | -6.7% | -72.9% |
| Free Cash Flow | $72M | $63M | $171M | 14.2% | -57.8% |
| Item | Amount |
|---|---|
| REVENUE | $741M |
| Cost of Revenue | $554M |
| GROSS PROFIT | $187M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $149M |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $149M |
| Cost & Expenses | $703M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $45M |
| EBIT | $38M |
| EBITDA | $82M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $741M |
| Cost of Revenue | $554M |
| GROSS PROFIT | $187M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $149M |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $149M |
| Cost & Expenses | $703M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $45M |
| EBIT | $38M |
| EBITDA | $82M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | -$108.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $599M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $705M |
| PP&E (Net) | $232M |
| Goodwill | $1.1B |
| Intangible Assets | $425M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $294M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $136M |
| Short-Term Debt | $0 |
| Deferred Revenue | $12M |
| Other Current Liabilities | $219M |
| TOTAL CURRENT LIABILITIES | $574M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $506.0K |
| Additional Paid-In Capital | $518M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$157.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $877M |
| Minority Interest | $0 |
| TOTAL EQUITY | $877M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.2B |
| Net Debt | $1.2B |
