| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $2.1B | -0.2% | -9.2% |
| Op. Income | $240M | $213M | $251M | 12.7% | -4.4% |
| Gross Margin | 23.7% | 22.2% | 21.3% | 1.6pp | 2.4pp |
| Net Margin | 7.9% | 11.5% | 7.9% | -3.6pp | 0.0pp |
| EPS (Diluted) | $2.22 | $3.23 | $2.42 | -31.3% | -8.3% |
| Free Cash Flow | $257M | $144M | $252M | 78.5% | 2.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $446M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $206M |
| Operating Expenses | $206M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $240M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $54M |
| EBIT | $240M |
| EBITDA | $294M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $446M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $206M |
| Operating Expenses | $206M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $240M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $54M |
| EBIT | $240M |
| EBITDA | $294M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $148M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | $312M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | -$53M |
| Other Financing Activities | -$46M |
| NET CASH FROM FINANCING | -$179M |
| FREE CASH FLOW | $257M |
| Net Change in Cash | $67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $505M |
| Short-Term Investments | $5M |
| Net Receivables | $1.3B |
| Inventory | $1.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.3B |
| Goodwill | $907M |
| Intangible Assets | $368M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $556M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $606M |
| Short-Term Debt | $109M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $471M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $4.9B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $50M |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $24M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $1.9B |
| Net Debt | $1.3B |
