| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $906M | $935M | $944M | -3.1% | -4.0% |
| Op. Income | $118M | $133M | $112M | -11.1% | 5.9% |
| Gross Margin | 45.5% | 45.8% | 43.1% | -0.3pp | 2.4pp |
| Net Margin | 9.8% | 10.8% | 8.8% | -0.9pp | 1.0pp |
| EPS (Diluted) | $2.84 | $3.21 | $2.57 | -11.5% | 10.5% |
| Free Cash Flow | $88M | $175M | $102M | -49.7% | -13.9% |
| Item | Amount |
|---|---|
| REVENUE | $906M |
| Cost of Revenue | $494M |
| GROSS PROFIT | $412M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $294M |
| SG&A Expenses | $294M |
| Other Expenses | $0 |
| Operating Expenses | $294M |
| Cost & Expenses | $788M |
| OPERATING INCOME | $118M |
| Interest Income | $7M |
| Interest Expense | $7M |
| Other Income/Expenses | -$500.0K |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $23M |
| EBIT | $117M |
| EBITDA | $140M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $906M |
| Cost of Revenue | $494M |
| GROSS PROFIT | $412M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $294M |
| SG&A Expenses | $294M |
| Other Expenses | $0 |
| Operating Expenses | $294M |
| Cost & Expenses | $788M |
| OPERATING INCOME | $118M |
| Interest Income | $7M |
| Interest Expense | $7M |
| Other Income/Expenses | -$500.0K |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $23M |
| EBIT | $117M |
| EBITDA | $140M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $103M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $88M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $579M |
| Short-Term Investments | $0 |
| Net Receivables | $495M |
| Inventory | $376M |
| Other Current Assets | $97M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $372M |
| Goodwill | $1.1B |
| Intangible Assets | $463M |
| Long-Term Investments | $0 |
| Tax Assets | $800.0K |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $322M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $232M |
| TOTAL CURRENT LIABILITIES | $598M |
| Long-Term Debt | $496M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | $173M |
| TOTAL NON-CURRENT LIABILITIES | $778M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.7B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$113M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $583M |
| Net Debt | $4M |
