| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $702M | $695M | $754M | 1.0% | -6.9% |
| Op. Income | $131M | $127M | $187M | 3.0% | -30.2% |
| Gross Margin | 32.9% | 33.3% | 38.7% | -0.3pp | -5.8pp |
| Net Margin | 15.9% | 16.6% | 20.6% | -0.7pp | -4.7pp |
| EPS (Diluted) | $1.51 | $1.55 | $2.06 | -2.6% | -26.7% |
| Free Cash Flow | $65M | $28M | $94M | 134.8% | -30.9% |
| Item | Amount |
|---|---|
| REVENUE | $702M |
| Cost of Revenue | $471M |
| GROSS PROFIT | $231M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $101M |
| Cost & Expenses | $571M |
| OPERATING INCOME | $131M |
| Interest Income | $4M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $39M |
| EBIT | $130M |
| EBITDA | $169M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $702M |
| Cost of Revenue | $471M |
| GROSS PROFIT | $231M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $101M |
| Cost & Expenses | $571M |
| OPERATING INCOME | $131M |
| Interest Income | $4M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $39M |
| EBIT | $130M |
| EBITDA | $169M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$100M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$101M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | -$187M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$218M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | -$156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $446M |
| Short-Term Investments | $0 |
| Net Receivables | $479M |
| Inventory | $419M |
| Other Current Assets | $138M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $1.6B |
| Goodwill | $107M |
| Intangible Assets | $13M |
| Long-Term Investments | $198M |
| Tax Assets | $34M |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $212M |
| Short-Term Debt | $133M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $169M |
| TOTAL CURRENT LIABILITIES | $634M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $108M |
| TOTAL NON-CURRENT LIABILITIES | $279M |
| TOTAL LIABILITIES | $913M |
| Common Stock | $19M |
| Additional Paid-In Capital | $34M |
| Retained Earnings | $3.7B |
| Treasury Stock | -$980M |
| Accum. Other Comp. Income | -$217M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $311M |
| Net Debt | -$136M |
