| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.8B | 5.1% | -10.0% |
| Op. Income | $67M | -$13M | $96M | 615.4% | -30.2% |
| Gross Margin | 33.0% | 29.5% | 34.0% | 3.5pp | -1.1pp |
| Net Margin | 1.1% | -7.5% | -3.5% | 8.7pp | 4.6pp |
| EPS (Diluted) | $0.12 | $-0.94 | $-0.41 | 112.8% | 129.3% |
| Free Cash Flow | $115M | -$89M | $88M | 229.2% | 30.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $520M |
| R&D Expenses | $50M |
| Selling & Marketing | $1M |
| General & Administrative | $392M |
| SG&A Expenses | $393M |
| Other Expenses | $10M |
| Operating Expenses | $453M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $67M |
| Interest Income | $4M |
| Interest Expense | $31M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $59M |
| EBIT | $56M |
| EBITDA | $115M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $520M |
| R&D Expenses | $50M |
| Selling & Marketing | $1M |
| General & Administrative | $392M |
| SG&A Expenses | $393M |
| Other Expenses | $10M |
| Operating Expenses | $453M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $67M |
| Interest Income | $4M |
| Interest Expense | $31M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $59M |
| EBIT | $56M |
| EBITDA | $115M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $123M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$300M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$34M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$336M |
| FREE CASH FLOW | $115M |
| Net Change in Cash | -$221M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $485M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $737M |
| Other Current Assets | $199M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $650M |
| Goodwill | $2.7B |
| Intangible Assets | $155M |
| Long-Term Investments | $1.3B |
| Tax Assets | $760M |
| Other Non-Current Assets | $813M |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $9.5B |
| Account Payables | $936M |
| Short-Term Debt | $129M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $166M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $124M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $14M |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $9.5B |
| Total Debt | $3.5B |
| Net Debt | $3.0B |
