| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.1B | 2.4% | 20.5% |
| Op. Income | $75M | $89M | -$61M | -15.8% | 222.7% |
| Gross Margin | 12.6% | 13.7% | 1.2% | -1.1pp | 11.4pp |
| Net Margin | 4.8% | 5.8% | -3.8% | -1.0pp | 8.6pp |
| EPS (Diluted) | $1.13 | $1.33 | $-0.75 | -15.0% | 250.7% |
| Free Cash Flow | $266M | $182M | $77M | 46.1% | 246.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $90M |
| Operating Expenses | $90M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $17M |
| EBIT | $83M |
| EBITDA | $100M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $90M |
| Operating Expenses | $90M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $17M |
| EBIT | $83M |
| EBITDA | $100M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $128M |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | $278M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $4.0K |
| Purchases of Investments | -$739M |
| Sales/Maturities of Investments | $557M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$181M |
| Net Debt Issuance | -$442.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $266M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $609M |
| Short-Term Investments | $148M |
| Net Receivables | $769M |
| Inventory | $0 |
| Other Current Assets | -$1.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $148M |
| Goodwill | $43M |
| Intangible Assets | $8M |
| Long-Term Investments | $5.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $7.7B |
| Account Payables | $204M |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$405M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $374M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$388M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $99M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $588M |
| Net Debt | -$21M |
