| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.7B | $2.2B | 23.0% | -7.8% |
| Op. Income | $163M | $16M | $120M | 918.8% | 35.8% |
| Gross Margin | 34.4% | 30.5% | 28.5% | 3.9pp | 5.8pp |
| Net Margin | 2.2% | -0.5% | 0.8% | 2.8pp | 1.4pp |
| EPS (Diluted) | $0.11 | $-0.02 | $0.04 | 606.9% | 175.0% |
| Free Cash Flow | -$21M | -$27M | $295M | 22.2% | -107.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $699M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $520M |
| Other Expenses | $16M |
| Operating Expenses | $536M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $78M |
| Other Income/Expenses | -$79M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $79M |
| EBIT | $162M |
| EBITDA | $241M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $699M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $520M |
| Other Expenses | $16M |
| Operating Expenses | $536M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $78M |
| Other Income/Expenses | -$79M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $79M |
| EBIT | $162M |
| EBITDA | $241M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $79M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$116M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $54M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $382M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $1.6B |
| Other Current Assets | $332M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $1.6B |
| Goodwill | $3.1B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $25M |
| Tax Assets | $757M |
| Other Non-Current Assets | $740M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $12.0B |
| Account Payables | $1.1B |
| Short-Term Debt | $983M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $159M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $236M |
| Other Non-Current Liabilities | $757M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $9.0B |
| Common Stock | $441M |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | -$2.7B |
| Treasury Stock | -$631M |
| Accum. Other Comp. Income | -$927M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $12.0B |
| Total Debt | $5.6B |
| Net Debt | $5.2B |
