| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.2B | $3.0B | 1.4% | 6.2% |
| Op. Income | $295M | $321M | $266M | -8.2% | 10.7% |
| Gross Margin | 28.8% | 28.2% | 27.8% | 0.5pp | 1.0pp |
| Net Margin | 6.4% | 7.2% | 6.2% | -0.8pp | 0.1pp |
| EPS (Diluted) | $2.44 | $2.69 | $2.12 | -9.3% | 15.1% |
| Free Cash Flow | $433M | -$164M | $238M | 364.6% | 82.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $926M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $558M |
| Other Expenses | $74M |
| Operating Expenses | $632M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $268M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $206M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $157M |
| EBIT | $315M |
| EBITDA | $472M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $926M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $558M |
| Other Expenses | $74M |
| Operating Expenses | $632M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $268M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $206M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $157M |
| EBIT | $315M |
| EBITDA | $472M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $205M |
| Depreciation & Amortization | $157M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $84M |
| Change in Working Capital | $103M |
| OPERATING CASH FLOW | $561M |
| Capital Expenditure | -$128M |
| Acquisitions (Net) | -$34M |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$185M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$60M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$210M |
| FREE CASH FLOW | $433M |
| Net Change in Cash | $166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $442M |
| Other Current Assets | $618M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $2.9B |
| Goodwill | $6.2B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $639M |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $16.7B |
| Account Payables | $761M |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $388M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $376M |
| Other Non-Current Liabilities | $484M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $8M |
| Additional Paid-In Capital | $13M |
| Retained Earnings | $8.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$192M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.0B |
| Minority Interest | $15M |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $16.7B |
| Total Debt | $6.0B |
| Net Debt | $5.7B |
