| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $1.8B | -10.9% | 0.0% |
| Op. Income | $225M | $295M | $200M | -23.6% | 12.8% |
| Gross Margin | 41.7% | 41.2% | 38.5% | 0.6pp | 3.2pp |
| Net Margin | 8.1% | 10.0% | 7.3% | -1.9pp | 0.8pp |
| EPS (Diluted) | $1.13 | $1.56 | $1.02 | -27.6% | 10.8% |
| Free Cash Flow | $371M | $307M | $112M | 21.0% | 232.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $748M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $520M |
| Other Expenses | $3M |
| Operating Expenses | $523M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $225M |
| Interest Income | $5M |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $705.0K |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $41M |
| EBIT | $226M |
| EBITDA | $267M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $748M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $520M |
| Other Expenses | $3M |
| Operating Expenses | $523M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $225M |
| Interest Income | $5M |
| Interest Expense | $30M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $705.0K |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $41M |
| EBIT | $226M |
| EBITDA | $267M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $146M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$508.0K |
| Change in Working Capital | $222M |
| OPERATING CASH FLOW | $409M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$176.0K |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | -$257M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$336M |
| FREE CASH FLOW | $371M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $263M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $1.1B |
| Other Current Assets | $320M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $1.6B |
| Goodwill | $1.3B |
| Intangible Assets | $534M |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | $170M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $651M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $205M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $97M |
| Other Non-Current Liabilities | $298M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $2.6B |
| Treasury Stock | -$830M |
| Accum. Other Comp. Income | -$590M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $2M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $2.5B |
| Net Debt | $2.3B |
