| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.4B | $3.9B | -4.7% | 7.2% |
| Op. Income | $159M | $167M | $125M | -4.7% | 26.9% |
| Gross Margin | 7.9% | 8.2% | 7.5% | -0.4pp | 0.3pp |
| Net Margin | 1.3% | 0.6% | 1.4% | 0.6pp | -0.2pp |
| EPS (Diluted) | $0.20 | $0.11 | $0.21 | 81.8% | -4.8% |
| Free Cash Flow | $134M | -$773M | $229M | 117.3% | -41.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $331M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $109M |
| Operating Expenses | $172M |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $159M |
| Interest Income | $0 |
| Interest Expense | $86M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $109M |
| EBIT | $159M |
| EBITDA | $268M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $331M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $109M |
| Operating Expenses | $172M |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $159M |
| Interest Income | $0 |
| Interest Expense | $86M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $109M |
| EBIT | $159M |
| EBITDA | $268M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$35M |
| Change in Working Capital | $87M |
| OPERATING CASH FLOW | $221M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$71M |
| Sales/Maturities of Investments | $71M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | -$38M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | $70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $357M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $388M |
| Other Current Assets | $363M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $2.1B |
| Goodwill | $4.6B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $654M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $12.6B |
| Account Payables | $1.1B |
| Short-Term Debt | $42M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $390M |
| Other Non-Current Liabilities | $494M |
| TOTAL NON-CURRENT LIABILITIES | $7.0B |
| TOTAL LIABILITIES | $9.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $111M |
| Treasury Stock | -$998M |
| Accum. Other Comp. Income | -$100M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $8M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $12.6B |
| Total Debt | $6.2B |
| Net Debt | $5.9B |
