| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.0B | — | 3.9% | — |
| Op. Income | $475M | $415M | — | 14.5% | — |
| Gross Margin | 17.1% | 16.1% | — | 1.0pp | — |
| Net Margin | 7.8% | 7.1% | — | 0.6pp | — |
| EPS (Diluted) | $2.37 | $2.07 | — | 14.5% | — |
| Free Cash Flow | $351M | $46M | — | 663.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $705M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $231M |
| Other Expenses | -$1M |
| Operating Expenses | $230M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $475M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $426M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $324M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $71M |
| EBIT | $477M |
| EBITDA | $548M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $705M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $231M |
| Other Expenses | -$1M |
| Operating Expenses | $230M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $475M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $426M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $324M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $71M |
| EBIT | $477M |
| EBITDA | $548M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $322M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $374M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$114M |
| Common Dividends Paid | -$51M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$159M |
| FREE CASH FLOW | $351M |
| Net Change in Cash | $194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $823M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $333M |
| Other Current Assets | $458M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $1.5B |
| Goodwill | $6.1B |
| Intangible Assets | $592M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $522M |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $2.2B |
| Short-Term Debt | $567M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $299M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $55M |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $5.2B |
| Net Debt | $4.3B |
