| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.5B | $2.4B | 11.9% | 18.0% |
| Op. Income | $261M | $260M | $235M | 0.5% | 11.1% |
| Gross Margin | 19.2% | 18.5% | 17.6% | 0.7pp | 1.6pp |
| Net Margin | 5.9% | 7.1% | 7.3% | -1.1pp | -1.3pp |
| EPS (Diluted) | $2.56 | $2.71 | $2.67 | -5.5% | -4.1% |
| Free Cash Flow | -$251M | -$456M | -$145M | 45.1% | -73.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $546M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $220M |
| Other Expenses | $65M |
| Operating Expenses | $285M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $261M |
| Interest Income | $2M |
| Interest Expense | $32M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $48M |
| EBIT | $261M |
| EBITDA | $309M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $546M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $220M |
| Other Expenses | $65M |
| Operating Expenses | $285M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $261M |
| Interest Income | $2M |
| Interest Expense | $32M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $222M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $48M |
| EBIT | $261M |
| EBITDA | $309M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $169M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $60M |
| Change in Working Capital | -$495M |
| OPERATING CASH FLOW | -$211M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $396M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $320M |
| FREE CASH FLOW | -$251M |
| Net Change in Cash | $72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $2.2B |
| Other Current Assets | $95M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.4B |
| Intangible Assets | $784M |
| Long-Term Investments | $0 |
| Tax Assets | $264M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $1.0B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $674M |
| Other Current Liabilities | $460M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $599M |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $514M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $833M |
| Retained Earnings | $4.1B |
| Treasury Stock | -$901M |
| Accum. Other Comp. Income | -$102M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
