| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.7B | 1.4% | -2.4% |
| Op. Income | $176M | $146M | $72M | 20.2% | 145.2% |
| Gross Margin | 34.1% | 34.0% | 33.8% | 0.2pp | 0.3pp |
| Net Margin | 5.5% | 3.6% | -0.4% | 1.9pp | 5.9pp |
| EPS (Diluted) | $0.14 | $0.09 | $-0.01 | 55.6% | 1500.0% |
| Free Cash Flow | $235M | $107M | $138M | 120.1% | 70.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $582M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $406M |
| Other Expenses | $0 |
| Operating Expenses | $406M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $61M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $103M |
| EBIT | $176M |
| EBITDA | $278M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $582M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $406M |
| Other Expenses | $0 |
| Operating Expenses | $406M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $61M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $103M |
| EBIT | $176M |
| EBITDA | $278M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $93M |
| Depreciation & Amortization | $103M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$35M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $281M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $900.0K |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$202M |
| Common Stock Repurchased | -$800.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$197M |
| FREE CASH FLOW | $235M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $273M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $796M |
| Other Current Assets | $132M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $754M |
| Goodwill | $5.7B |
| Intangible Assets | $3.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $368M |
| TOTAL NON-CURRENT ASSETS | $10.4B |
| TOTAL ASSETS | $12.7B |
| Account Payables | $657M |
| Short-Term Debt | $258M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $499M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $575M |
| Other Non-Current Liabilities | $362M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $3.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$107M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $5.1B |
| Net Debt | $4.8B |
