| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $365M | $355M | $324M | 2.8% | 12.7% |
| Op. Income | $222M | $222M | $198M | 0.1% | 12.2% |
| Gross Margin | 86.1% | 86.0% | 85.5% | 0.2pp | 0.7pp |
| Net Margin | 13.6% | 12.6% | 7.8% | 1.0pp | 5.8pp |
| EPS (Diluted) | $0.59 | $0.59 | $0.50 | 0.0% | 18.0% |
| Free Cash Flow | $208M | $131M | $162M | 59.2% | 28.5% |
| Item | Amount |
|---|---|
| REVENUE | $365M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $314M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $87M |
| Operating Expenses | $92M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $222M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $176M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $51M |
| EBIT | $226M |
| EBITDA | $277M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $365M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $314M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $87M |
| Operating Expenses | $92M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $222M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $176M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $51M |
| EBIT | $226M |
| EBITDA | $277M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $100.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $137M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $272M |
| Capital Expenditure | -$64M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$52M |
| Other Financing Activities | $42M |
| NET CASH FROM FINANCING | -$112M |
| FREE CASH FLOW | $208M |
| Net Change in Cash | $95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $113M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $214M |
| PP&E (Net) | $3.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $89M |
| Tax Assets | $502M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $80M |
| Short-Term Debt | $18M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $400.0K |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $465M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $465M |
| Minority Interest | -$62M |
| TOTAL EQUITY | $403M |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $3.5B |
| Net Debt | $3.4B |
