| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $813M | $771M | $901M | 5.4% | -9.8% |
| Op. Income | $130M | $118M | $268M | 10.6% | -51.4% |
| Gross Margin | 46.2% | 45.6% | 42.6% | 0.6pp | 3.6pp |
| Net Margin | 8.3% | 5.9% | 21.9% | 2.5pp | -13.6pp |
| EPS (Diluted) | $0.45 | $0.30 | $1.31 | 50.0% | -65.6% |
| Free Cash Flow | $52M | $81M | $11M | -35.5% | 373.6% |
| Item | Amount |
|---|---|
| REVENUE | $813M |
| Cost of Revenue | $437M |
| GROSS PROFIT | $376M |
| R&D Expenses | $82M |
| Selling & Marketing | -$36M |
| General & Administrative | $152M |
| SG&A Expenses | $116M |
| Other Expenses | $48M |
| Operating Expenses | $246M |
| Cost & Expenses | $683M |
| OPERATING INCOME | $130M |
| Interest Income | $1M |
| Interest Expense | $54M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $95M |
| EBIT | $128M |
| EBITDA | $223M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $813M |
| Cost of Revenue | $437M |
| GROSS PROFIT | $376M |
| R&D Expenses | $82M |
| Selling & Marketing | -$36M |
| General & Administrative | $152M |
| SG&A Expenses | $116M |
| Other Expenses | $48M |
| Operating Expenses | $246M |
| Cost & Expenses | $683M |
| OPERATING INCOME | $130M |
| Interest Income | $1M |
| Interest Expense | $54M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $95M |
| EBIT | $128M |
| EBITDA | $223M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $68M |
| Depreciation & Amortization | $95M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | -$59M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $47.0K |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $320M |
| Short-Term Investments | $0 |
| Net Receivables | $457M |
| Inventory | $633M |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $1.6B |
| Goodwill | $3.9B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $3M |
| Tax Assets | $24M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $142M |
| Short-Term Debt | $0 |
| Deferred Revenue | $53M |
| Other Current Liabilities | $662.0K |
| TOTAL CURRENT LIABILITIES | $440M |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $147M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$62M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $4.2B |
| Net Debt | $3.9B |
