| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $3.0B | 1.9% | 6.7% |
| Op. Income | $1.1B | $1.1B | $1.2B | 0.8% | -2.6% |
| Gross Margin | 41.3% | 40.2% | 42.4% | 1.1pp | -1.2pp |
| Net Margin | 25.7% | 26.0% | 28.8% | -0.2pp | -3.0pp |
| EPS (Diluted) | $1.28 | $1.26 | $1.29 | 1.7% | -0.6% |
| Free Cash Flow | $702M | $395M | $811M | 77.4% | -13.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$83M |
| SG&A Expenses | -$83M |
| Other Expenses | $251M |
| Operating Expenses | $167M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $161M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $270M |
| Net Income from Continuing Ops | $814M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $814M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $814M |
| D&A | $341M |
| EBIT | $1.2B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$83M |
| SG&A Expenses | -$83M |
| Other Expenses | $251M |
| Operating Expenses | $167M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $161M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $270M |
| Net Income from Continuing Ops | $814M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $814M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $814M |
| D&A | $341M |
| EBIT | $1.2B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $814M |
| Depreciation & Amortization | $341M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $64M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | $74M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$623M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$633M |
| Net Debt Issuance | $416M |
| Common Stock Repurchased | -$799M |
| Common Dividends Paid | -$391M |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | -$749M |
| FREE CASH FLOW | $702M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $245M |
| Short-Term Investments | $0 |
| Net Receivables | $894M |
| Inventory | $576M |
| Other Current Assets | $573M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $33.7B |
| Goodwill | $0 |
| Intangible Assets | $542M |
| Long-Term Investments | $0 |
| Tax Assets | $496M |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $37.2B |
| TOTAL ASSETS | $39.5B |
| Account Payables | $1.8B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $13.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.5B |
| Other Non-Current Liabilities | $742M |
| TOTAL NON-CURRENT LIABILITIES | $21.7B |
| TOTAL LIABILITIES | $25.3B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $266M |
| Retained Earnings | $13.0B |
| Treasury Stock | -$94M |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.2B |
| TOTAL LIABILITIES & EQUITY | $39.5B |
| Total Debt | $15.2B |
| Net Debt | $14.9B |
