| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.9B | 0.1% | 2.5% |
| Op. Income | $527M | $542M | $524M | -2.7% | 0.6% |
| Gross Margin | 53.6% | 54.1% | 52.5% | -0.4pp | 1.1pp |
| Net Margin | 22.4% | 23.3% | 22.3% | -0.9pp | 0.1pp |
| EPS (Diluted) | $0.41 | $0.42 | $0.39 | -2.4% | 5.1% |
| Free Cash Flow | $379M | $337M | $294M | 12.2% | 28.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $881M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $492M |
| Operating Expenses | $492M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $527M |
| Interest Income | $38M |
| Interest Expense | $5M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $552M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $425M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $425M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $425M |
| D&A | $19M |
| EBIT | $527M |
| EBITDA | $547M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $881M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $492M |
| Operating Expenses | $492M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $527M |
| Interest Income | $38M |
| Interest Expense | $5M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $552M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $425M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $425M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $425M |
| D&A | $19M |
| EBIT | $527M |
| EBITDA | $547M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $425M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $436M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | $630.0K |
| Purchases of Investments | $107.0K |
| Sales/Maturities of Investments | $996M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $939M |
| Net Debt Issuance | $745M |
| Common Stock Repurchased | -$3.1B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $379M |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $834M |
| Other Current Assets | $129M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $961M |
| Goodwill | $1.4B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $187M |
| Other Non-Current Assets | $107M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $511M |
| Short-Term Debt | $0 |
| Deferred Revenue | $44M |
| Other Current Liabilities | $60M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $749M |
| Deferred Revenue NC | $192M |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $6.8B |
| Treasury Stock | -$5.8B |
| Accum. Other Comp. Income | -$182M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $749M |
| Net Debt | -$816M |
