| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $2.5B | 3.7% | -15.4% |
| Op. Income | $148M | $68M | $153M | 119.0% | -2.8% |
| Gross Margin | 10.6% | 9.3% | 10.9% | 1.3pp | -0.3pp |
| Net Margin | 4.0% | 0.9% | 1.6% | 3.0pp | 2.4pp |
| EPS (Diluted) | $0.56 | $0.13 | $0.25 | 336.4% | 128.6% |
| Free Cash Flow | $87M | -$16M | $86M | 628.6% | 0.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $222M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | -$32M |
| Operating Expenses | $74M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $148M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $70M |
| EBIT | $154M |
| EBITDA | $224M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $222M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | -$32M |
| Operating Expenses | $74M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $148M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $70M |
| EBIT | $154M |
| EBITDA | $224M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $87M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $28M |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | $178M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$90M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $267M |
| Short-Term Investments | $28M |
| Net Receivables | $869M |
| Inventory | $1.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $2.6B |
| Goodwill | $598M |
| Intangible Assets | $56M |
| Long-Term Investments | $3M |
| Tax Assets | $293M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $1.8B |
| Short-Term Debt | $66M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $683M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $4M |
| Additional Paid-In Capital | $526M |
| Retained Earnings | $452M |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | $223M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $26M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
