| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $676M | $876M | 61.6% | 24.7% |
| Op. Income | $225M | $71M | $128M | 217.5% | 75.7% |
| Gross Margin | 53.4% | 51.3% | 48.2% | 2.1pp | 5.2pp |
| Net Margin | 16.4% | 9.4% | 11.6% | 6.9pp | 4.8pp |
| EPS (Diluted) | $1.14 | $0.40 | $0.63 | 183.8% | 80.0% |
| Free Cash Flow | -$30M | $95M | -$220M | -132.2% | 86.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $509M |
| GROSS PROFIT | $583M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $358M |
| Other Expenses | $0 |
| Operating Expenses | $358M |
| Cost & Expenses | $867M |
| OPERATING INCOME | $225M |
| Interest Income | $10M |
| Interest Expense | $1M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $179M |
| D&A | $13M |
| EBIT | $235M |
| EBITDA | $248M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $509M |
| GROSS PROFIT | $583M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $358M |
| Other Expenses | $0 |
| Operating Expenses | $358M |
| Cost & Expenses | $867M |
| OPERATING INCOME | $225M |
| Interest Income | $10M |
| Interest Expense | $1M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $179M |
| D&A | $13M |
| EBIT | $235M |
| EBITDA | $248M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $179M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$214M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $34.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$193M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $533.0K |
| NET CASH FROM FINANCING | -$192M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$224M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $823M |
| Short-Term Investments | $0 |
| Net Receivables | $517M |
| Inventory | $726M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $505M |
| Goodwill | $14M |
| Intangible Assets | $36M |
| Long-Term Investments | $0 |
| Tax Assets | $71M |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $669M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $477M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $759M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $294M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $258.0K |
| Additional Paid-In Capital | $243M |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $251M |
| Net Debt | -$572M |
