| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.5B | $2.1B | 30.3% | -4.7% |
| Op. Income | $454M | $173M | $451M | 162.3% | 0.6% |
| Gross Margin | 29.4% | 19.7% | 27.6% | 9.7pp | 1.8pp |
| Net Margin | 15.3% | 6.6% | 14.6% | 8.6pp | 0.7pp |
| EPS (Diluted) | $2.31 | $0.77 | $2.31 | 200.0% | 0.0% |
| Free Cash Flow | $10M | $21M | $125M | -52.9% | -92.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $592M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | $5M |
| Operating Expenses | $139M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $454M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $405M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $310M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $308M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $308M |
| D&A | $157M |
| EBIT | $445M |
| EBITDA | $602M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $592M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | $5M |
| Operating Expenses | $139M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $454M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $405M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $310M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $308M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $308M |
| D&A | $157M |
| EBIT | $445M |
| EBITDA | $602M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $308M |
| Depreciation & Amortization | $157M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$274M |
| OPERATING CASH FLOW | $201M |
| Capital Expenditure | -$191M |
| Acquisitions (Net) | -$179M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$370M |
| Net Debt Issuance | $92M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$61M |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | -$189M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $650M |
| Other Current Assets | $154M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $6.9B |
| Goodwill | $3.5B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $31M |
| Tax Assets | $0 |
| Other Non-Current Assets | $282M |
| TOTAL NON-CURRENT ASSETS | $12.2B |
| TOTAL ASSETS | $14.2B |
| Account Payables | $327M |
| Short-Term Debt | $96M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $375M |
| TOTAL CURRENT LIABILITIES | $797M |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $141M |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $697M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $132M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$141M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.7B |
| Minority Interest | $25M |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $3.9B |
| Net Debt | $3.8B |
