| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.3B | 0.7% | -3.2% |
| Op. Income | $471M | $409M | $479M | 15.2% | -1.7% |
| Gross Margin | 48.8% | 47.9% | 48.7% | 0.9pp | 0.1pp |
| Net Margin | 14.0% | 9.2% | 13.8% | 4.8pp | 0.2pp |
| EPS (Diluted) | $0.74 | $0.51 | $0.80 | 45.1% | -7.5% |
| Free Cash Flow | $316M | $90M | $323M | 251.1% | -2.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $71M |
| Selling & Marketing | $228M |
| General & Administrative | $108M |
| SG&A Expenses | $336M |
| Other Expenses | $185M |
| Operating Expenses | $592M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $471M |
| Interest Income | $0 |
| Interest Expense | $102M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $430M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $354M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $304M |
| Net Income Deductions | $24M |
| BOTTOM LINE NET INCOME | $280M |
| D&A | $169M |
| EBIT | $556M |
| EBITDA | $725M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $71M |
| Selling & Marketing | $228M |
| General & Administrative | $108M |
| SG&A Expenses | $336M |
| Other Expenses | $185M |
| Operating Expenses | $592M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $471M |
| Interest Income | $0 |
| Interest Expense | $102M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $430M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $354M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $304M |
| Net Income Deductions | $24M |
| BOTTOM LINE NET INCOME | $280M |
| D&A | $169M |
| EBIT | $556M |
| EBITDA | $725M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $304M |
| Depreciation & Amortization | $169M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $77M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $489M |
| Capital Expenditure | -$173M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$196M |
| Net Debt Issuance | -$182M |
| Common Stock Repurchased | -$199M |
| Common Dividends Paid | -$103M |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | -$241M |
| FREE CASH FLOW | $316M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $644M |
| Inventory | $0 |
| Other Current Assets | $356M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $2.2B |
| Goodwill | $3.2B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $1.4B |
| Tax Assets | $155M |
| Other Non-Current Assets | $234M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $11.2B |
| Account Payables | $1.1B |
| Short-Term Debt | $5M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $95M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $9.0B |
| Deferred Revenue NC | $83M |
| Deferred Tax Liabilities | $479M |
| Other Non-Current Liabilities | $838M |
| TOTAL NON-CURRENT LIABILITIES | $10.7B |
| TOTAL LIABILITIES | $13.3B |
| Common Stock | $4M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.1B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $9.4B |
| Net Debt | $9.3B |
