| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.4B | $2.3B | -9.2% | -8.0% |
| Op. Income | $131M | $100M | $119M | 31.1% | 10.5% |
| Gross Margin | 21.0% | 18.5% | 18.4% | 2.4pp | 2.5pp |
| Net Margin | 4.0% | 2.8% | 3.4% | 1.2pp | 0.6pp |
| EPS (Diluted) | $2.27 | $1.74 | $2.17 | 30.5% | 4.6% |
| Free Cash Flow | $34M | $241M | $24M | -86.0% | 41.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $453M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $342M |
| Other Expenses | -$20M |
| Operating Expenses | $322M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $131M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $25M |
| EBIT | $132M |
| EBITDA | $156M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $453M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $342M |
| Other Expenses | -$20M |
| Operating Expenses | $322M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $131M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $25M |
| EBIT | $132M |
| EBITDA | $156M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $888.0K |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$260M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$273M |
| Net Debt Issuance | $122M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $105M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | -$123M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $256M |
| Short-Term Investments | $0 |
| Net Receivables | $4.2B |
| Inventory | $145M |
| Other Current Assets | $265M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $212M |
| Goodwill | $873M |
| Intangible Assets | $461M |
| Long-Term Investments | $767M |
| Tax Assets | $52M |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $3.0B |
| Short-Term Debt | $551M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $663M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $52M |
| Other Non-Current Liabilities | $778M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $326.0K |
| Additional Paid-In Capital | $335M |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $1.2B |
| Net Debt | $957M |
