| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $696M | $756M | $764M | -7.9% | -8.9% |
| Op. Income | $114M | $142M | $121M | -19.7% | -5.4% |
| Gross Margin | 48.2% | 46.6% | 45.5% | 1.6pp | 2.6pp |
| Net Margin | 10.1% | 18.1% | 12.7% | -8.0pp | -2.7pp |
| EPS (Diluted) | $0.45 | $0.88 | $0.62 | -48.9% | -27.4% |
| Free Cash Flow | $22M | $71M | $65M | -68.7% | -65.7% |
| Item | Amount |
|---|---|
| REVENUE | $696M |
| Cost of Revenue | $361M |
| GROSS PROFIT | $336M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $156M |
| Other Expenses | $20M |
| Operating Expenses | $221M |
| Cost & Expenses | $582M |
| OPERATING INCOME | $114M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $31M |
| EBIT | $110M |
| EBITDA | $142M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $696M |
| Cost of Revenue | $361M |
| GROSS PROFIT | $336M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $156M |
| Other Expenses | $20M |
| Operating Expenses | $221M |
| Cost & Expenses | $582M |
| OPERATING INCOME | $114M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $31M |
| EBIT | $110M |
| EBITDA | $142M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $70M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$69M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$93M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $331M |
| Short-Term Investments | $0 |
| Net Receivables | $518M |
| Inventory | $323M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $162M |
| Goodwill | $1.7B |
| Intangible Assets | $527M |
| Long-Term Investments | $329M |
| Tax Assets | $0 |
| Other Non-Current Assets | $197M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $368M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $767M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $218M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $71M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$464M |
| Accum. Other Comp. Income | $78M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $8M |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $2.2B |
| Net Debt | $1.9B |
