| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.9B | — | $14.1B | — | -0.8% |
| Op. Income | $302M | — | $297M | — | 1.4% |
| Gross Margin | 6.2% | — | 6.2% | — | 0.1pp |
| Net Margin | 1.0% | — | 0.9% | — | 0.1pp |
| EPS (Diluted) | $1.66 | — | $1.41 | — | 17.7% |
| Free Cash Flow | -$153M | — | $677M | — | -122.5% |
| Item | Amount |
|---|---|
| REVENUE | $13.9B |
| Cost of Revenue | $13.1B |
| GROSS PROFIT | $867M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $565M |
| Other Expenses | $0 |
| Operating Expenses | $565M |
| Cost & Expenses | $13.6B |
| OPERATING INCOME | $302M |
| Interest Income | $0 |
| Interest Expense | $79M |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $184M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | -$4.0K |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $106M |
| EBIT | $263M |
| EBITDA | $370M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $13.9B |
| Cost of Revenue | $13.1B |
| GROSS PROFIT | $867M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $565M |
| Other Expenses | $0 |
| Operating Expenses | $565M |
| Cost & Expenses | $13.6B |
| OPERATING INCOME | $302M |
| Interest Income | $0 |
| Interest Expense | $79M |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $184M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | -$4.0K |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $106M |
| EBIT | $263M |
| EBITDA | $370M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$376M |
| OPERATING CASH FLOW | -$115M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $581M |
| Common Stock Repurchased | -$256M |
| Common Dividends Paid | -$34M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $294M |
| FREE CASH FLOW | -$153M |
| Net Change in Cash | $143M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $9.7B |
| Inventory | $7.1B |
| Other Current Assets | $629M |
| TOTAL CURRENT ASSETS | $18.6B |
| PP&E (Net) | $463M |
| Goodwill | $3.9B |
| Intangible Assets | $4.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $679M |
| TOTAL NON-CURRENT ASSETS | $9.1B |
| TOTAL ASSETS | $27.7B |
| Account Payables | $12.1B |
| Short-Term Debt | $860M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14.7B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $865M |
| Other Non-Current Liabilities | $455M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $19.8B |
| Common Stock | $99.0K |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | $2.5B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$552M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $27.7B |
| Total Debt | $4.6B |
| Net Debt | $3.4B |
