| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $740M | $689M | $693M | 7.4% | 6.7% |
| Op. Income | $129M | $105M | $78M | 22.5% | 66.0% |
| Gross Margin | 34.5% | 32.9% | 29.7% | 1.6pp | 4.8pp |
| Net Margin | 15.4% | 13.8% | 8.6% | 1.6pp | 6.8pp |
| EPS (Diluted) | $0.57 | $0.49 | $0.37 | 16.3% | 54.1% |
| Free Cash Flow | -$152M | $59M | $108M | -359.0% | -241.5% |
| Item | Amount |
|---|---|
| REVENUE | $740M |
| Cost of Revenue | $484M |
| GROSS PROFIT | $255M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $126M |
| Operating Expenses | $126M |
| Cost & Expenses | $611M |
| OPERATING INCOME | $129M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $3M |
| EBIT | $145M |
| EBITDA | $148M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $740M |
| Cost of Revenue | $484M |
| GROSS PROFIT | $255M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $126M |
| Operating Expenses | $126M |
| Cost & Expenses | $611M |
| OPERATING INCOME | $129M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $3M |
| EBIT | $145M |
| EBITDA | $148M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$281M |
| OPERATING CASH FLOW | -$152M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $200.0K |
| Purchases of Investments | -$837M |
| Sales/Maturities of Investments | $886M |
| Other Investing Activities | -$33M |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | -$124M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$99M |
| NET CASH FROM FINANCING | -$226M |
| FREE CASH FLOW | -$152M |
| Net Change in Cash | -$362M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $598M |
| Short-Term Investments | $2.9B |
| Net Receivables | $4.4B |
| Inventory | -$8.2B |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $23M |
| Goodwill | -$342M |
| Intangible Assets | $489M |
| Long-Term Investments | $5.8B |
| Tax Assets | $285M |
| Other Non-Current Assets | $6.6B |
| TOTAL NON-CURRENT ASSETS | $12.8B |
| TOTAL ASSETS | $12.8B |
| Account Payables | $1.6B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.6B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $649M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $56M |
| Other Non-Current Liabilities | $9.3B |
| TOTAL NON-CURRENT LIABILITIES | $10.1B |
| TOTAL LIABILITIES | $10.1B |
| Common Stock | $17M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $802M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $1M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $12.8B |
| Total Debt | $649M |
| Net Debt | $51M |
