| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.3B | -5.4% | -9.8% |
| Op. Income | $454M | $431M | $468M | 5.2% | -3.1% |
| Gross Margin | 63.7% | 59.8% | 57.4% | 3.9pp | 6.3pp |
| Net Margin | 30.6% | 26.7% | 28.3% | 4.0pp | 2.3pp |
| EPS (Diluted) | $0.72 | $0.66 | $0.74 | 8.5% | -2.7% |
| Free Cash Flow | -$485M | -$120M | -$34M | -304.0% | -1314.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $432M |
| GROSS PROFIT | $757M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $271M |
| SG&A Expenses | $271M |
| Other Expenses | $32M |
| Operating Expenses | $304M |
| Cost & Expenses | $736M |
| OPERATING INCOME | $454M |
| Interest Income | $835M |
| Interest Expense | $327M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $454M |
| Income Tax Expense | $90M |
| Net Income from Continuing Ops | $364M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $364M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $364M |
| D&A | $26M |
| EBIT | $454M |
| EBITDA | $480M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $432M |
| GROSS PROFIT | $757M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $271M |
| SG&A Expenses | $271M |
| Other Expenses | $32M |
| Operating Expenses | $304M |
| Cost & Expenses | $736M |
| OPERATING INCOME | $454M |
| Interest Income | $835M |
| Interest Expense | $327M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $454M |
| Income Tax Expense | $90M |
| Net Income from Continuing Ops | $364M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $364M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $364M |
| D&A | $26M |
| EBIT | $454M |
| EBITDA | $480M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $364M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $344M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | -$465M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$132M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$132M |
| FREE CASH FLOW | -$485M |
| Net Change in Cash | -$694M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $3.1B |
| Net Receivables | $3.3B |
| Inventory | -$5.9B |
| Other Current Assets | $4.9B |
| TOTAL CURRENT ASSETS | $9.0B |
| PP&E (Net) | $331M |
| Goodwill | $0 |
| Intangible Assets | $169M |
| Long-Term Investments | $48.5B |
| Tax Assets | $595M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $51.3B |
| TOTAL ASSETS | $60.3B |
| Account Payables | $457M |
| Short-Term Debt | $4.7B |
| Deferred Revenue | $41M |
| Other Current Liabilities | $18.7B |
| TOTAL CURRENT LIABILITIES | $23.9B |
| Long-Term Debt | $10.8B |
| Deferred Revenue NC | $41M |
| Deferred Tax Liabilities | $119.3K |
| Other Non-Current Liabilities | $19.4B |
| TOTAL NON-CURRENT LIABILITIES | $30.4B |
| TOTAL LIABILITIES | $54.3B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $471M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $60.3B |
| Total Debt | $15.6B |
| Net Debt | $12.0B |
