| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $2.6B | — | 25.3% | — |
| Op. Income | $600M | $314M | — | 90.8% | — |
| Gross Margin | 40.9% | 37.1% | — | 3.8pp | — |
| Net Margin | 13.1% | 8.0% | — | 5.1pp | — |
| EPS (Diluted) | $2.03 | $0.97 | — | 109.3% | — |
| Free Cash Flow | $692M | -$189M | — | 465.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $729M |
| SG&A Expenses | $729M |
| Other Expenses | $2M |
| Operating Expenses | $730M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $600M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $560M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $425M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $427M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $427M |
| D&A | $168M |
| EBIT | $601M |
| EBITDA | $769M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $729M |
| SG&A Expenses | $729M |
| Other Expenses | $2M |
| Operating Expenses | $730M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $600M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $560M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $425M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $427M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $427M |
| D&A | $168M |
| EBIT | $601M |
| EBITDA | $769M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $427M |
| Depreciation & Amortization | $168M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $135M |
| Other Non-Cash Items | -$102M |
| Change in Working Capital | $230M |
| OPERATING CASH FLOW | $869M |
| Capital Expenditure | -$178M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$169M |
| Net Debt Issuance | $862M |
| Common Stock Repurchased | -$262M |
| Common Dividends Paid | -$92M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $502M |
| FREE CASH FLOW | $692M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $849M |
| Other Current Assets | $337M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $4.5B |
| Goodwill | $5.3B |
| Intangible Assets | $12.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $23.4B |
| TOTAL ASSETS | $27.4B |
| Account Payables | $3.3B |
| Short-Term Debt | $894M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $6.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.8B |
| Other Non-Current Liabilities | $820M |
| TOTAL NON-CURRENT LIABILITIES | $9.7B |
| TOTAL LIABILITIES | $14.0B |
| Common Stock | $455M |
| Additional Paid-In Capital | $7.1B |
| Retained Earnings | $7.9B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.2B |
| Minority Interest | $236M |
| TOTAL EQUITY | $13.4B |
| TOTAL LIABILITIES & EQUITY | $27.4B |
| Total Debt | $7.1B |
| Net Debt | $5.4B |
