| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $2.0B | -7.7% | -8.4% |
| Op. Income | $129M | $231M | $245M | -44.3% | -47.5% |
| Gross Margin | 16.0% | 19.7% | 19.6% | -3.7pp | -3.6pp |
| Net Margin | 4.6% | 8.8% | 8.9% | -4.2pp | -4.3pp |
| EPS (Diluted) | $0.73 | $1.49 | $1.51 | -51.0% | -51.7% |
| Free Cash Flow | -$5M | $194M | $30M | -102.5% | -115.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $296M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $167M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $129M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $68M |
| EBIT | $129M |
| EBITDA | $197M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $296M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $167M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $129M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $68M |
| EBIT | $129M |
| EBITDA | $197M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $860.0K |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$94M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$64M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $638M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $1.2B |
| Other Current Assets | $291M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $2.5B |
| Goodwill | $384M |
| Intangible Assets | $246M |
| Long-Term Investments | $80M |
| Tax Assets | $0 |
| Other Non-Current Assets | $280M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $368M |
| Short-Term Debt | $36M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $763M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $293M |
| Other Non-Current Liabilities | $257M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $390M |
| Retained Earnings | $4.3B |
| Treasury Stock | -$419M |
| Accum. Other Comp. Income | -$72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $241.0K |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.2B |
| Net Debt | $524M |
