| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $599M | $489M | $598M | 22.6% | 0.2% |
| Op. Income | $70M | $26M | $57M | 168.6% | 23.4% |
| Gross Margin | 43.1% | 40.4% | 40.5% | 2.6pp | 2.6pp |
| Net Margin | 6.0% | 1.0% | 3.2% | 5.0pp | 2.8pp |
| EPS (Diluted) | $0.72 | $0.10 | $0.37 | 657.9% | 94.6% |
| Free Cash Flow | $118M | -$79M | $81M | 248.0% | 45.6% |
| Item | Amount |
|---|---|
| REVENUE | $599M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $258M |
| R&D Expenses | $14M |
| Selling & Marketing | $63M |
| General & Administrative | $108M |
| SG&A Expenses | $171M |
| Other Expenses | $3M |
| Operating Expenses | $188M |
| Cost & Expenses | $529M |
| OPERATING INCOME | $70M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $22M |
| EBIT | $67M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $599M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $258M |
| R&D Expenses | $14M |
| Selling & Marketing | $63M |
| General & Administrative | $108M |
| SG&A Expenses | $171M |
| Other Expenses | $3M |
| Operating Expenses | $188M |
| Cost & Expenses | $529M |
| OPERATING INCOME | $70M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $22M |
| EBIT | $67M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$400.0K |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | $129M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$102M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$129M |
| FREE CASH FLOW | $118M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $196M |
| Short-Term Investments | $0 |
| Net Receivables | $209M |
| Inventory | $496M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $995M |
| PP&E (Net) | $328M |
| Goodwill | $1.3B |
| Intangible Assets | $960M |
| Long-Term Investments | -$136M |
| Tax Assets | $136M |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $220M |
| Short-Term Debt | $24M |
| Deferred Revenue | $210M |
| Other Current Liabilities | -$61M |
| TOTAL CURRENT LIABILITIES | $542M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $136M |
| Other Non-Current Liabilities | $176M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$911M |
| Accum. Other Comp. Income | -$160M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.4B |
| Net Debt | $1.2B |
