| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $609M | $603M | — | 0.9% | — |
| Op. Income | $65M | $63M | — | 2.9% | — |
| Gross Margin | 34.6% | 34.0% | — | 0.5pp | — |
| Net Margin | 8.4% | 8.6% | — | -0.1pp | — |
| EPS (Diluted) | $1.10 | $1.12 | — | -1.8% | — |
| Free Cash Flow | $45M | $34M | — | 31.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $609M |
| Cost of Revenue | $399M |
| GROSS PROFIT | $210M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $4M |
| Operating Expenses | $146M |
| Cost & Expenses | $544M |
| OPERATING INCOME | $65M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $14M |
| EBIT | $65M |
| EBITDA | $78M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $609M |
| Cost of Revenue | $399M |
| GROSS PROFIT | $210M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $4M |
| Operating Expenses | $146M |
| Cost & Expenses | $544M |
| OPERATING INCOME | $65M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $14M |
| EBIT | $65M |
| EBITDA | $78M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $405.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $31.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $675M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $576M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $620M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $921M |
| Short-Term Investments | $0 |
| Net Receivables | $317M |
| Inventory | $292M |
| Other Current Assets | $160M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $160M |
| Goodwill | $1.1B |
| Intangible Assets | $53M |
| Long-Term Investments | $0 |
| Tax Assets | $284M |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $185M |
| Short-Term Debt | $0 |
| Deferred Revenue | $160M |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $535M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $670.0K |
| Other Non-Current Liabilities | $219M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$325M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$98M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $21M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $1.3B |
| Net Debt | $348M |
