| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.7B | $8.9B | $9.0B | 8.5% | 7.7% |
| Op. Income | $353M | $165M | $322M | 113.9% | 9.6% |
| Gross Margin | 17.6% | 16.7% | 17.7% | 0.9pp | -0.1pp |
| Net Margin | 2.0% | 0.9% | 2.0% | 1.1pp | 0.0pp |
| EPS (Diluted) | $0.80 | $0.33 | $0.73 | 142.4% | 9.6% |
| Free Cash Flow | $413M | $52M | $327M | 694.2% | 26.3% |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $8.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | -$1M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $353M |
| Interest Income | $0 |
| Interest Expense | $81M |
| Other Income/Expenses | -$84M |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $108M |
| EBIT | $350M |
| EBITDA | $458M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $8.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | -$1M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $353M |
| Interest Income | $0 |
| Interest Expense | $81M |
| Other Income/Expenses | -$84M |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $108M |
| EBIT | $350M |
| EBITDA | $458M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $198M |
| Depreciation & Amortization | $108M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $168M |
| OPERATING CASH FLOW | $482M |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | -$214M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$282M |
| Net Debt Issuance | -$34M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $413M |
| Net Change in Cash | $138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $405M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $1.6B |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $2.4B |
| Goodwill | $5.8B |
| Intangible Assets | $867M |
| Long-Term Investments | $47M |
| Tax Assets | $0 |
| Other Non-Current Assets | $317M |
| TOTAL NON-CURRENT ASSETS | $9.4B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $2.3B |
| Short-Term Debt | $311M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $282M |
| Other Non-Current Liabilities | $455M |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$365M |
| Accum. Other Comp. Income | -$112M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $4.9B |
| Net Debt | $4.5B |
