| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.5B | $8.1B | $8.5B | -7.4% | -11.9% |
| Op. Income | $187M | $336M | $196M | -44.4% | -4.6% |
| Gross Margin | 10.3% | 11.1% | 10.1% | -0.8pp | 0.2pp |
| Net Margin | 1.6% | 2.8% | 1.5% | -1.2pp | 0.1pp |
| EPS (Diluted) | $0.75 | $1.44 | $0.79 | -47.9% | -5.1% |
| Free Cash Flow | $51M | -$322M | -$161M | 115.8% | 131.5% |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $6.7B |
| GROSS PROFIT | $773M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $586M |
| Other Expenses | $0 |
| Operating Expenses | $586M |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $187M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $68M |
| EBIT | $190M |
| EBITDA | $258M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $6.7B |
| GROSS PROFIT | $773M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $586M |
| Other Expenses | $0 |
| Operating Expenses | $586M |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $187M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $68M |
| EBIT | $190M |
| EBITDA | $258M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $112M |
| Change in Working Capital | -$186M |
| OPERATING CASH FLOW | $124M |
| Capital Expenditure | -$73M |
| Acquisitions (Net) | $73M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $388.0K |
| Other Investing Activities | -$73M |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | $221M |
| Common Stock Repurchased | -$212.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $240M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $290M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $521M |
| Short-Term Investments | $0 |
| Net Receivables | $272M |
| Inventory | $3.8B |
| Other Current Assets | $754M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $4.1B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $17.0B |
| Tax Assets | $112M |
| Other Non-Current Assets | $581M |
| TOTAL NON-CURRENT ASSETS | $21.9B |
| TOTAL ASSETS | $27.3B |
| Account Payables | $932M |
| Short-Term Debt | $820M |
| Deferred Revenue | $103.0K |
| Other Current Liabilities | $124M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $18.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $373M |
| TOTAL NON-CURRENT LIABILITIES | $19.0B |
| TOTAL LIABILITIES | $21.3B |
| Common Stock | $79M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $27.3B |
| Total Debt | $19.5B |
| Net Debt | $19.0B |
