| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $986M | $857M | $939M | 15.1% | 5.0% |
| Op. Income | $134M | $64M | $123M | 109.8% | 9.5% |
| Gross Margin | 25.1% | 19.7% | 24.7% | 5.4pp | 0.4pp |
| Net Margin | 8.4% | 3.1% | 9.2% | 5.4pp | -0.7pp |
| EPS (Diluted) | $1.73 | $0.55 | $1.63 | 214.5% | 6.1% |
| Free Cash Flow | $149M | $6M | $194M | 2300.0% | -23.1% |
| Item | Amount |
|---|---|
| REVENUE | $986M |
| Cost of Revenue | $739M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $34M |
| Operating Expenses | $113M |
| Cost & Expenses | $852M |
| OPERATING INCOME | $134M |
| Interest Income | $6M |
| Interest Expense | $20M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $39M |
| 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 | $34M |
| EBIT | $134M |
| EBITDA | $168M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $986M |
| Cost of Revenue | $739M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $34M |
| Operating Expenses | $113M |
| Cost & Expenses | $852M |
| OPERATING INCOME | $134M |
| Interest Income | $6M |
| Interest Expense | $20M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $39M |
| 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 | $34M |
| EBIT | $134M |
| EBITDA | $168M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$500.0K |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $182M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | $335M |
| Common Stock Repurchased | -$114M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $223M |
| FREE CASH FLOW | $149M |
| Net Change in Cash | $341M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $0 |
| Net Receivables | $428M |
| Inventory | $0 |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $475M |
| Goodwill | $878M |
| Intangible Assets | $201M |
| Long-Term Investments | $61M |
| Tax Assets | $0 |
| Other Non-Current Assets | $180M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $268M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $56M |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $63M |
| Other Non-Current Liabilities | $83M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$258M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | -$100.0K |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $2.4B |
| Net Debt | $325M |
