| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $741M | $746M | $892M | -0.7% | -16.9% |
| Op. Income | $38M | $43M | $135M | -11.1% | -71.8% |
| Gross Margin | 22.0% | 22.8% | 28.9% | -0.9pp | -6.9pp |
| Net Margin | 3.2% | 4.1% | 10.7% | -1.0pp | -7.5pp |
| EPS (Diluted) | $0.17 | $0.22 | $0.68 | -22.7% | -75.0% |
| Free Cash Flow | -$87M | $27M | $36M | -421.8% | -345.5% |
| Item | Amount |
|---|---|
| REVENUE | $741M |
| Cost of Revenue | $578M |
| GROSS PROFIT | $163M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $125M |
| Other Expenses | $0 |
| Operating Expenses | $125M |
| Cost & Expenses | $703M |
| OPERATING INCOME | $38M |
| Interest Income | $7M |
| Interest Expense | $7M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $52M |
| EBIT | $36M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $741M |
| Cost of Revenue | $578M |
| GROSS PROFIT | $163M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $125M |
| Other Expenses | $0 |
| Operating Expenses | $125M |
| Cost & Expenses | $703M |
| OPERATING INCOME | $38M |
| Interest Income | $7M |
| Interest Expense | $7M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $52M |
| EBIT | $36M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | -$31M |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$72M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$5.0K |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | -$124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $673M |
| Short-Term Investments | $15M |
| Net Receivables | $425M |
| Inventory | $671M |
| Other Current Assets | $213M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.6B |
| Goodwill | $251M |
| Intangible Assets | $87M |
| Long-Term Investments | $0 |
| Tax Assets | $136M |
| Other Non-Current Assets | $100M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $199M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $670M |
| Long-Term Debt | $821M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $109M |
| Other Non-Current Liabilities | $273M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $15M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$187M |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $6M |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $947M |
| Net Debt | $274M |
