| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.7B | 2.5% | -1.0% |
| Op. Income | $234M | $234M | $222M | 0.3% | 5.5% |
| Gross Margin | 37.7% | 37.4% | 37.1% | 0.3pp | 0.6pp |
| Net Margin | 11.2% | 10.4% | 9.2% | 0.9pp | 2.0pp |
| EPS (Diluted) | $0.68 | $0.62 | $0.56 | 9.7% | 21.4% |
| Free Cash Flow | $95M | $76M | $234M | 24.1% | -59.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $620M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $384M |
| Other Expenses | $2M |
| Operating Expenses | $386M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $210M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $57M |
| EBIT | $247M |
| EBITDA | $304M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $620M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $384M |
| Other Expenses | $2M |
| Operating Expenses | $386M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $210M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $57M |
| EBIT | $247M |
| EBITDA | $304M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $184M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$28M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$71M |
| OPERATING CASH FLOW | $163M |
| Capital Expenditure | -$68M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$113M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$105M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $166M |
| Short-Term Investments | $0 |
| Net Receivables | $599M |
| Inventory | $1.2B |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $5.3B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $956M |
| TOTAL NON-CURRENT ASSETS | $10.9B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $851M |
| Other Non-Current Liabilities | $472M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $7.6B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$388M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $27M |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $4.5B |
| Net Debt | $4.3B |
