| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.9B | $4.0B | 2.7% | -0.3% |
| Op. Income | $154M | $550M | $702M | -72.0% | -78.1% |
| Gross Margin | 59.1% | 57.6% | 55.5% | 1.5pp | 3.7pp |
| Net Margin | 1.5% | 7.6% | 10.7% | -6.2pp | -9.3pp |
| EPS (Diluted) | $0.03 | $0.15 | $0.22 | -79.9% | -86.3% |
| Free Cash Flow | $350M | $134M | $665M | 161.2% | -47.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $570M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $154M |
| Interest Income | $14M |
| Interest Expense | $106M |
| Other Income/Expenses | -$89M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $141M |
| EBIT | $171M |
| EBITDA | $312M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $570M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $154M |
| Interest Income | $14M |
| Interest Expense | $106M |
| Other Income/Expenses | -$89M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $141M |
| EBIT | $171M |
| EBITDA | $312M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $141M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | -$201M |
| Other Non-Cash Items | $524M |
| Change in Working Capital | -$143M |
| OPERATING CASH FLOW | $440M |
| Capital Expenditure | -$90M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | -$102M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$383M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$490M |
| FREE CASH FLOW | $350M |
| Net Change in Cash | -$141M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $1.8B |
| Other Current Assets | $221M |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $2.0B |
| Goodwill | $9.0B |
| Intangible Assets | $8.8B |
| Long-Term Investments | $0 |
| Tax Assets | $206M |
| Other Non-Current Assets | $617M |
| TOTAL NON-CURRENT ASSETS | $20.6B |
| TOTAL ASSETS | $26.4B |
| Account Payables | $2.4B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $253M |
| TOTAL CURRENT LIABILITIES | $5.9B |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $797M |
| TOTAL NON-CURRENT LIABILITIES | $10.3B |
| TOTAL LIABILITIES | $16.3B |
| Common Stock | $19M |
| Additional Paid-In Capital | $16.1B |
| Retained Earnings | $17M |
| Treasury Stock | -$98M |
| Accum. Other Comp. Income | -$5.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.2B |
| TOTAL LIABILITIES & EQUITY | $26.4B |
| Total Debt | $8.6B |
| Net Debt | $7.6B |
