| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $3.4B | $4.2B | 25.1% | 1.5% |
| Op. Income | $561M | $263M | $559M | 113.4% | 0.4% |
| Gross Margin | 36.6% | 36.0% | 36.2% | 0.7pp | 0.4pp |
| Net Margin | 10.0% | 5.8% | 10.1% | 4.2pp | -0.1pp |
| EPS (Diluted) | $0.79 | $0.37 | $0.77 | 114.8% | 2.6% |
| Free Cash Flow | $367M | $100M | $571M | 266.5% | -35.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $885M |
| Other Expenses | $109M |
| Operating Expenses | $994M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $561M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $550M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $425M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $425M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $425M |
| D&A | $109M |
| EBIT | $561M |
| EBITDA | $671M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $885M |
| Other Expenses | $109M |
| Operating Expenses | $994M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $561M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $550M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $425M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $425M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $425M |
| D&A | $109M |
| EBIT | $561M |
| EBITDA | $671M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $425M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $560M |
| Capital Expenditure | -$193M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$179M |
| Net Debt Issuance | $339.0K |
| Common Stock Repurchased | -$139M |
| Common Dividends Paid | -$119M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$250M |
| FREE CASH FLOW | $367M |
| Net Change in Cash | $131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $395M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $3.0B |
| Other Current Assets | $245M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $5.8B |
| Goodwill | $0 |
| Intangible Assets | $270M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $1.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $139M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $6.7B |
| Treasury Stock | -$5.7B |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $5.1B |
| Net Debt | $4.7B |
