| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.2B | 1.2% | -1.9% |
| Op. Income | $108M | $71M | $119M | 51.5% | -8.8% |
| Gross Margin | 63.2% | 60.1% | 62.2% | 3.0pp | 1.0pp |
| Net Margin | 5.4% | 0.6% | 10.0% | 4.8pp | -4.6pp |
| EPS (Diluted) | $0.32 | $0.04 | $0.58 | 809.1% | -44.8% |
| Free Cash Flow | $141M | -$139M | -$11M | 201.5% | 1391.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $427M |
| GROSS PROFIT | $731M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $596M |
| Other Expenses | $0 |
| Operating Expenses | $623M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $108M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $66M |
| EBIT | $112M |
| EBITDA | $178M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $427M |
| GROSS PROFIT | $731M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $596M |
| Other Expenses | $0 |
| Operating Expenses | $623M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $108M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $66M |
| EBIT | $112M |
| EBITDA | $178M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | $225M |
| Capital Expenditure | -$84M |
| Acquisitions (Net) | $23M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $141M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $313M |
| Short-Term Investments | $0 |
| Net Receivables | $479M |
| Inventory | $647M |
| Other Current Assets | $110M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $3.8B |
| Goodwill | $2.0B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $118M |
| Tax Assets | $0 |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $116M |
| Short-Term Debt | $135M |
| Deferred Revenue | $113M |
| Other Current Liabilities | $358M |
| TOTAL CURRENT LIABILITIES | $837M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | -$1.4B |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$52M |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $5.8B |
| Net Debt | $5.5B |
