| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.5B | -2.5% | -1.2% |
| Op. Income | $328M | $367M | $349M | -10.6% | -6.0% |
| Gross Margin | 31.6% | 31.3% | 30.5% | 0.3pp | 1.1pp |
| Net Margin | 8.3% | 9.3% | 9.3% | -1.0pp | -1.1pp |
| EPS (Diluted) | $0.68 | $0.78 | $0.77 | -12.8% | -11.7% |
| Free Cash Flow | $390M | $31M | $427M | 1158.1% | -8.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $776M |
| R&D Expenses | $25M |
| Selling & Marketing | $217M |
| General & Administrative | $189M |
| SG&A Expenses | $406M |
| Other Expenses | $17M |
| Operating Expenses | $448M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $203M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $203M |
| D&A | $96M |
| EBIT | $317M |
| EBITDA | $413M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $776M |
| R&D Expenses | $25M |
| Selling & Marketing | $217M |
| General & Administrative | $189M |
| SG&A Expenses | $406M |
| Other Expenses | $17M |
| Operating Expenses | $448M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $271M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $203M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $203M |
| D&A | $96M |
| EBIT | $317M |
| EBITDA | $413M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $203M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $153M |
| OPERATING CASH FLOW | $510M |
| Capital Expenditure | -$120M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$119M |
| Net Debt Issuance | -$202M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$110M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$313M |
| FREE CASH FLOW | $390M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169M |
| Short-Term Investments | $0 |
| Net Receivables | $635M |
| Inventory | $1.2B |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $2.5B |
| Goodwill | $4.0B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $495M |
| TOTAL NON-CURRENT ASSETS | $10.0B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $1.3B |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $625M |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $12M |
| Additional Paid-In Capital | $407M |
| Retained Earnings | $4.7B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $4.5B |
| Net Debt | $4.4B |
