| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $628M | $610M | $499M | 3.0% | 25.8% |
| Op. Income | $145M | $131M | $112M | 10.9% | 30.0% |
| Gross Margin | 47.6% | 46.0% | 50.8% | 1.7pp | -3.2pp |
| Net Margin | 8.6% | 7.9% | 9.6% | 0.6pp | -1.1pp |
| EPS (Diluted) | $1.93 | $1.64 | $1.50 | 17.7% | 28.7% |
| Free Cash Flow | $350M | $337M | $289M | 3.7% | 21.0% |
| Item | Amount |
|---|---|
| REVENUE | $628M |
| Cost of Revenue | $329M |
| GROSS PROFIT | $299M |
| R&D Expenses | $0 |
| Selling & Marketing | $121M |
| General & Administrative | $40M |
| SG&A Expenses | $160M |
| Other Expenses | -$6M |
| Operating Expenses | $154M |
| Cost & Expenses | $483M |
| OPERATING INCOME | $145M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $10M |
| EBIT | $74M |
| EBITDA | $84M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $628M |
| Cost of Revenue | $329M |
| GROSS PROFIT | $299M |
| R&D Expenses | $0 |
| Selling & Marketing | $121M |
| General & Administrative | $40M |
| SG&A Expenses | $160M |
| Other Expenses | -$6M |
| Operating Expenses | $154M |
| Cost & Expenses | $483M |
| OPERATING INCOME | $145M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $10M |
| EBIT | $74M |
| EBITDA | $84M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $260M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $361M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$396M |
| NET CASH FROM INVESTING | -$407M |
| Net Debt Issuance | $158M |
| Common Stock Repurchased | -$63M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $89M |
| FREE CASH FLOW | $350M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $0 |
| Net Receivables | $4.1B |
| Inventory | $0 |
| Other Current Assets | $211M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $128M |
| Goodwill | $279M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $467M |
| TOTAL ASSETS | $4.8B |
| Account Payables | $334M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $334M |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $115M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $308M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$741M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $3.2B |
| Net Debt | $3.2B |
