| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $673M | $643M | $711M | 4.6% | -5.4% |
| Op. Income | $113M | $84M | -$66M | 35.3% | 272.4% |
| Gross Margin | 40.2% | 36.8% | 27.4% | 3.4pp | 12.9pp |
| Net Margin | 9.5% | 6.6% | -8.8% | 3.0pp | 18.3pp |
| EPS (Diluted) | $1.28 | $0.82 | $-1.17 | 56.1% | 209.4% |
| Free Cash Flow | $20M | $129M | $78M | -84.1% | -73.9% |
| Item | Amount |
|---|---|
| REVENUE | $673M |
| Cost of Revenue | $402M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $157M |
| SG&A Expenses | $157M |
| Other Expenses | $0 |
| Operating Expenses | $157M |
| Cost & Expenses | $559M |
| OPERATING INCOME | $113M |
| Interest Income | $637.0K |
| Interest Expense | $26M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $15M |
| EBIT | $116M |
| EBITDA | $131M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $673M |
| Cost of Revenue | $402M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $157M |
| SG&A Expenses | $157M |
| Other Expenses | $0 |
| Operating Expenses | $157M |
| Cost & Expenses | $559M |
| OPERATING INCOME | $113M |
| Interest Income | $637.0K |
| Interest Expense | $26M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $15M |
| EBIT | $116M |
| EBITDA | $131M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $527.0K |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $485.0K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $145M |
| Common Stock Repurchased | -$141M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$89.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $350M |
| Inventory | $444M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $436M |
| Goodwill | $328M |
| Intangible Assets | $625M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $143M |
| Short-Term Debt | $8M |
| Deferred Revenue | $174M |
| Other Current Liabilities | -$27M |
| TOTAL CURRENT LIABILITIES | $362M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $137M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $21M |
| Additional Paid-In Capital | $663M |
| Retained Earnings | $373M |
| Treasury Stock | -$789M |
| Accum. Other Comp. Income | -$64M |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $202M |
| Minority Interest | $0 |
| TOTAL EQUITY | $202M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.8B |
| Net Debt | $1.6B |
