| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.3B | $6.7B | -2.1% | -7.6% |
| Op. Income | $236M | $254M | $299M | -6.9% | -21.0% |
| Gross Margin | 11.4% | 11.8% | 11.7% | -0.4pp | -0.3pp |
| Net Margin | 1.9% | 3.3% | 3.6% | -1.4pp | -1.7pp |
| EPS (Diluted) | $1.28 | $2.25 | $2.63 | -43.1% | -51.3% |
| Free Cash Flow | -$124M | -$117M | -$405M | -5.9% | 69.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $706M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $465M |
| Other Expenses | $5M |
| Operating Expenses | $470M |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $236M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $34M |
| EBIT | $228M |
| EBITDA | $262M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $706M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $465M |
| Other Expenses | $5M |
| Operating Expenses | $470M |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $236M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $34M |
| EBIT | $228M |
| EBITDA | $262M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $118M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$259M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$82M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $73.0K |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | $211M |
| Common Stock Repurchased | -$62M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $122M |
| FREE CASH FLOW | -$124M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $273M |
| Short-Term Investments | $0 |
| Net Receivables | $4.5B |
| Inventory | $6.1B |
| Other Current Assets | $241M |
| TOTAL CURRENT ASSETS | $11.1B |
| PP&E (Net) | $791M |
| Goodwill | $787M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $280M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $3.3B |
| Short-Term Debt | $696M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $276M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $8.0B |
| Common Stock | $90M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$357M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $3.7B |
| Net Debt | $3.4B |
