| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.4B | 6.9% | -1.5% |
| Op. Income | $193M | $158M | $210M | 22.2% | -8.0% |
| Gross Margin | 23.8% | 23.0% | 24.4% | 0.8pp | -0.7pp |
| Net Margin | 10.2% | 8.4% | 11.4% | 1.7pp | -1.2pp |
| EPS (Diluted) | $2.08 | $1.60 | $2.35 | 30.0% | -11.5% |
| Free Cash Flow | $43M | -$69M | $102M | 162.4% | -57.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $328M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $137M |
| Other Expenses | -$1M |
| Operating Expenses | $135M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $193M |
| Interest Income | $2M |
| Interest Expense | $16M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $15M |
| EBIT | $190M |
| EBITDA | $205M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $328M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $137M |
| Other Expenses | -$1M |
| Operating Expenses | $135M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $193M |
| Interest Income | $2M |
| Interest Expense | $16M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $15M |
| EBIT | $190M |
| EBITDA | $205M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $140M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$102M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $200.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$59M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$94M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $319M |
| Short-Term Investments | $0 |
| Net Receivables | $719M |
| Inventory | $1.2B |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $575M |
| Goodwill | $291M |
| Intangible Assets | $14M |
| Long-Term Investments | $200.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $498M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $704M |
| Short-Term Debt | $3M |
| Deferred Revenue | -$704M |
| Other Current Liabilities | $986M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $662M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $206M |
| TOTAL NON-CURRENT LIABILITIES | $868M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $909M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$644M |
| Accum. Other Comp. Income | -$343M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $666M |
| Net Debt | $346M |
