| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.4B | 1.8% | -3.6% |
| Op. Income | $247M | $234M | $256M | 5.4% | -3.6% |
| Gross Margin | 43.1% | 43.0% | 43.4% | 0.2pp | -0.3pp |
| Net Margin | 13.1% | 13.2% | 13.0% | -0.1pp | 0.1pp |
| EPS (Diluted) | $3.77 | $3.72 | $3.87 | 1.3% | -2.6% |
| Free Cash Flow | $301M | $275M | $163M | 9.4% | 84.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $782M |
| GROSS PROFIT | $593M |
| R&D Expenses | $72M |
| Selling & Marketing | -$69M |
| General & Administrative | $294M |
| SG&A Expenses | $225M |
| Other Expenses | $49M |
| Operating Expenses | $346M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $247M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $78M |
| EBIT | $247M |
| EBITDA | $325M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $782M |
| GROSS PROFIT | $593M |
| R&D Expenses | $72M |
| Selling & Marketing | -$69M |
| General & Administrative | $294M |
| SG&A Expenses | $225M |
| Other Expenses | $49M |
| Operating Expenses | $346M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $247M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $78M |
| EBIT | $247M |
| EBITDA | $325M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $180M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $319M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$124M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | -$450M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$194M |
| NET CASH FROM FINANCING | -$644M |
| FREE CASH FLOW | $301M |
| Net Change in Cash | -$469M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $443M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $966M |
| Other Current Assets | $174M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $756M |
| Goodwill | $8.0B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $498M |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $14.2B |
| Account Payables | $400M |
| Short-Term Debt | $151M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $407M |
| Other Non-Current Liabilities | $455M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $5.8B |
| Treasury Stock | -$192M |
| Accum. Other Comp. Income | -$731M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.3B |
| Minority Interest | $5M |
| TOTAL EQUITY | $9.3B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $2.8B |
| Net Debt | $2.4B |
