| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.6B | $1.7B | 12.8% | 3.3% |
| Op. Income | $259M | $215M | $234M | 20.3% | 10.9% |
| Gross Margin | 39.9% | 40.2% | 38.6% | -0.3pp | 1.3pp |
| Net Margin | 9.6% | 10.4% | 7.0% | -0.8pp | 2.6pp |
| EPS (Diluted) | $1.85 | $1.59 | $1.30 | 16.4% | 42.1% |
| Free Cash Flow | $160M | $117M | $158M | 36.9% | 1.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $717M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $458M |
| SG&A Expenses | $458M |
| Other Expenses | $0 |
| Operating Expenses | $458M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $259M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $48M |
| EBIT | $259M |
| EBITDA | $307M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $717M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $458M |
| SG&A Expenses | $458M |
| Other Expenses | $0 |
| Operating Expenses | $458M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $259M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $48M |
| EBIT | $259M |
| EBITDA | $307M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $173M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$54M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | $243M |
| Capital Expenditure | -$82M |
| Acquisitions (Net) | $150.0K |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$99M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $160M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $199M |
| Net Receivables | $717M |
| Inventory | $338M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $1.5B |
| Goodwill | $166M |
| Intangible Assets | $811M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $162M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $369M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $675M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $131M |
| Other Non-Current Liabilities | $910M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $13M |
| Additional Paid-In Capital | $136M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$635M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $1.9B |
| Net Debt | $208M |
