| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.7B | $3.9B | 3.6% | -3.1% |
| Op. Income | -$240M | $204M | $369M | -217.7% | -165.0% |
| Gross Margin | 38.1% | 41.1% | 41.1% | -3.0pp | -3.0pp |
| Net Margin | -8.6% | 3.1% | 6.7% | -11.7pp | -15.3pp |
| EPS (Diluted) | $-0.27 | $0.09 | $0.22 | -386.6% | -222.7% |
| Free Cash Flow | $320M | $564M | $426M | -43.2% | -24.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $204M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $444M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | -$240M |
| Interest Income | $0 |
| Interest Expense | $146M |
| Other Income/Expenses | -$152M |
| INCOME BEFORE TAX | -$392M |
| Income Tax Expense | -$65M |
| Net Income from Continuing Ops | -$326M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$326M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$326M |
| D&A | $786M |
| EBIT | -$246M |
| EBITDA | $540M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$326M |
| Depreciation & Amortization | $786M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$154M |
| Other Non-Cash Items | $254M |
| Change in Working Capital | -$215M |
| OPERATING CASH FLOW | $379M |
| Capital Expenditure | -$59M |
| Acquisitions (Net) | $438M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $376M |
| Net Debt Issuance | -$802M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$146M |
| Other Financing Activities | $99M |
| NET CASH FROM FINANCING | -$848M |
| FREE CASH FLOW | $320M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $917M |
| Short-Term Investments | $225M |
| Net Receivables | $3.9B |
| Inventory | $3.9B |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $11.8B |
| PP&E (Net) | $2.9B |
| Goodwill | $9.3B |
| Intangible Assets | $18.4B |
| Long-Term Investments | $1.4B |
| Tax Assets | $685M |
| Other Non-Current Assets | $734M |
| TOTAL NON-CURRENT ASSETS | $33.5B |
| TOTAL ASSETS | $45.3B |
| Account Payables | $1.4B |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $7.7B |
| Long-Term Debt | $14.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $18.1B |
| TOTAL LIABILITIES | $25.8B |
| Common Stock | $12M |
| Additional Paid-In Capital | $18.9B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$504M |
| Accum. Other Comp. Income | -$3.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.5B |
| TOTAL LIABILITIES & EQUITY | $45.3B |
| Total Debt | $17.4B |
| Net Debt | $16.5B |
