| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.0B | -7.5% | 4.2% |
| Op. Income | $151M | $146M | $96M | 3.0% | 56.7% |
| Gross Margin | 43.7% | 41.7% | 40.1% | 2.0pp | 3.6pp |
| Net Margin | 10.9% | 9.7% | 7.2% | 1.2pp | 3.7pp |
| EPS (Diluted) | $1.06 | $1.01 | $0.64 | 5.0% | 65.6% |
| Free Cash Flow | $111M | $95M | $142M | 17.2% | -21.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $600M |
| GROSS PROFIT | $466M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $316M |
| Operating Expenses | $316M |
| Cost & Expenses | $916M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $72M |
| EBIT | $215M |
| EBITDA | $286M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $600M |
| GROSS PROFIT | $466M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $316M |
| Operating Expenses | $316M |
| Cost & Expenses | $916M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $72M |
| EBIT | $215M |
| EBITDA | $286M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $72M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$142M |
| Change in Working Capital | $66M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.4B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $627M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $827M |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $111M |
| Net Change in Cash | $342M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $879M |
| Short-Term Investments | $8.1B |
| Net Receivables | $4.8B |
| Inventory | $0 |
| Other Current Assets | -$12.9B |
| TOTAL CURRENT ASSETS | $879M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $2.2B |
| Long-Term Investments | $23.4B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $8.7B |
| TOTAL NON-CURRENT ASSETS | $35.4B |
| TOTAL ASSETS | $36.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.3B |
| TOTAL NON-CURRENT LIABILITIES | $33.9B |
| TOTAL LIABILITIES | $33.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $36.3B |
| Total Debt | $4.5B |
| Net Debt | $3.6B |
