| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $326M | $365M | — | -10.7% | — |
| Op. Income | $102M | $140M | — | -27.2% | — |
| Gross Margin | 36.9% | 39.9% | — | -3.0pp | — |
| Net Margin | 10.4% | 15.0% | — | -4.6pp | — |
| EPS (Diluted) | $0.35 | $0.57 | — | -38.6% | — |
| Free Cash Flow | $157M | $130M | — | 21.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $326M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $224M |
| OPERATING INCOME | $102M |
| Interest Income | $10M |
| Interest Expense | $1M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $283.0K |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $22M |
| EBIT | $102M |
| EBITDA | $125M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $326M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $224M |
| OPERATING INCOME | $102M |
| Interest Income | $10M |
| Interest Expense | $1M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $283.0K |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $22M |
| EBIT | $102M |
| EBITDA | $125M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $82M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $157M |
| Net Change in Cash | $138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $689M |
| Short-Term Investments | $66M |
| Net Receivables | $180M |
| Inventory | $50M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $1.2B |
| Goodwill | $33M |
| Intangible Assets | $4M |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $148M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $44M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $243M |
| Common Stock | $950M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$127M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $823M |
| Minority Interest | $1.2B |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $77M |
| Net Debt | -$612M |
