| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.0B | 0.5% | -0.8% |
| Op. Income | $243M | $198M | $272M | 22.8% | -10.6% |
| Gross Margin | 55.3% | 56.0% | 57.1% | -0.7pp | -1.8pp |
| Net Margin | 16.7% | 24.3% | 21.3% | -7.6pp | -4.6pp |
| EPS (Diluted) | $0.72 | $1.03 | $0.87 | -30.1% | -17.2% |
| Free Cash Flow | $264M | $182M | $174M | 45.3% | 51.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $455M |
| GROSS PROFIT | $563M |
| R&D Expenses | $75M |
| Selling & Marketing | $144M |
| General & Administrative | $100M |
| SG&A Expenses | $245M |
| Other Expenses | $0 |
| Operating Expenses | $319M |
| Cost & Expenses | $775M |
| OPERATING INCOME | $243M |
| Interest Income | $24M |
| Interest Expense | $32M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $212M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $74M |
| EBIT | $244M |
| EBITDA | $318M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $455M |
| GROSS PROFIT | $563M |
| R&D Expenses | $75M |
| Selling & Marketing | $144M |
| General & Administrative | $100M |
| SG&A Expenses | $245M |
| Other Expenses | $0 |
| Operating Expenses | $319M |
| Cost & Expenses | $775M |
| OPERATING INCOME | $243M |
| Interest Income | $24M |
| Interest Expense | $32M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $212M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $74M |
| EBIT | $244M |
| EBITDA | $318M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $81M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $292M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$100.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $264M |
| Net Change in Cash | $248M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $0 |
| Net Receivables | $647M |
| Inventory | $649M |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $525M |
| Goodwill | $3.3B |
| Intangible Assets | $752M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $357M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $203M |
| Short-Term Debt | $37M |
| Deferred Revenue | $208M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $955M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $354M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $2.5B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$137M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $2.6B |
| Net Debt | $389M |
