| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $5.8B | $5.9B | 3.1% | 0.8% |
| Op. Income | $428M | $403M | $454M | 6.2% | -5.7% |
| Gross Margin | 36.6% | 35.9% | 36.1% | 0.7pp | 0.5pp |
| Net Margin | 5.0% | 4.3% | 5.8% | 0.7pp | -0.9pp |
| EPS (Diluted) | $2.11 | $1.78 | $2.44 | 18.5% | -13.5% |
| Free Cash Flow | $150M | $203M | $142M | -25.9% | 5.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $105M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $428M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $99M |
| EBIT | $408M |
| EBITDA | $507M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $105M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $428M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $99M |
| EBIT | $408M |
| EBITDA | $507M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $296M |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$114M |
| OPERATING CASH FLOW | $294M |
| Capital Expenditure | -$144M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$446M |
| NET CASH FROM INVESTING | -$584M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | -$139M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$207M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | -$494M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $555M |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $5.1B |
| Other Current Assets | $568M |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $3.4B |
| Goodwill | $2.9B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $9.1B |
| TOTAL ASSETS | $18.9B |
| Account Payables | $5.9B |
| Short-Term Debt | $853M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $8.8B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $473M |
| Other Non-Current Liabilities | $728M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $14.3B |
| Common Stock | $139M |
| Additional Paid-In Capital | $181M |
| Retained Earnings | $5.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $15M |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $18.9B |
| Total Debt | $5.2B |
| Net Debt | $4.6B |
