| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $1.8B | -12.0% | -2.6% |
| Op. Income | $362M | $157M | $125M | 130.6% | 189.6% |
| Gross Margin | 12.1% | 11.6% | 12.0% | 0.5pp | 0.1pp |
| Net Margin | 13.8% | 4.8% | 4.0% | 9.0pp | 9.9pp |
| EPS (Diluted) | $4.58 | $1.79 | $1.31 | 155.9% | 249.6% |
| Free Cash Flow | $144M | $76M | $134M | 89.5% | 7.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | -$234M |
| Operating Expenses | -$146M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $362M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $36M |
| EBIT | $364M |
| EBITDA | $400M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | -$234M |
| Operating Expenses | -$146M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $362M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $88M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $36M |
| EBIT | $364M |
| EBITDA | $400M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $247M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | -$242M |
| Change in Working Capital | $113M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$102M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$218M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $352M |
| Short-Term Investments | $0 |
| Net Receivables | $958M |
| Inventory | $74M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $230M |
| Goodwill | $2.9B |
| Intangible Assets | $951M |
| Long-Term Investments | $74M |
| Tax Assets | $74M |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $820M |
| Short-Term Debt | $62M |
| Deferred Revenue | -$820M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | -$3M |
| Other Non-Current Liabilities | $261M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $480M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
