| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.3B | -0.3% | -9.2% |
| Op. Income | $92M | $87M | -$116M | 6.1% | 179.3% |
| Gross Margin | -3.2% | -1.9% | 7.9% | -1.3pp | -11.1pp |
| Net Margin | 6.6% | 6.2% | -7.7% | 0.4pp | 14.4pp |
| EPS (Diluted) | $1.16 | $1.10 | $-1.52 | 5.5% | 176.3% |
| Free Cash Flow | $5M | $28M | -$87M | -81.2% | 106.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | -$37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $82M |
| SG&A Expenses | $82M |
| Other Expenses | -$211M |
| Operating Expenses | -$129M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $92M |
| Interest Income | $81M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $13M |
| EBIT | $106M |
| EBITDA | $119M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$356M |
| Sales/Maturities of Investments | $352M |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $544M |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | -$1.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$8.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $12.5B |
| Account Payables | $0 |
| Short-Term Debt | $846M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$846M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $544M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $68M |
| Other Non-Current Liabilities | -$613M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $9.9B |
| Common Stock | $6M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$317M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | -$2M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
