The company said revenue for the 3 months ended June 30, 2024 rose 14%, and revenue for the 6 months rose 12%. Operating profit increased 59% and 38%, respectively. It cited revenue growth as the driver of the operating profit increase.

10-QQuarterly reportFiled Jul 30, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said revenue for the 3 months ended June 30, 2024 rose 14%, and revenue for the 6 months rose 12%. Operating profit increased 59% and 38%, respectively. It cited revenue growth as the driver of the operating profit increase.
The company said operating profit rose 59% in the 3 months, and excluding one-time items including the loss on disposition in 2023 (23 percentage points), the increase would be 26%. It listed legal costs in 2024 (4 percentage points) and higher amortization of acquired intangibles (1 percentage point) as partial offsets.
The company said free cash flow for the first six months of 2024 rose to $2,315 million, up $1,151 million from $1,164 million a year earlier. Share repurchases in the first half totaled 1.2 million shares for $500 million, down from 3.9 million shares for $1.5 billion a year earlier.
The company said cash provided by operating activities in the first six months of 2024 increased by $1,141 million to $2,504 million. Cash used in investing activities was $319 million, and cash used in financing activities fell by $342 million to $1,405 million. Cash, cash equivalents and restricted cash as of June 30 were $2,039 million.

Key figures

Quarter ended June 30, 2024

Revenue: $3.5B
Operating income: $1.5B
Net income: $1.0B
EPS: $3.23

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly and 6-Month Revenue and Operating Profit Growth

The company said revenue for the 3 months ended June 30, 2024 rose 14%, and revenue for the 6 months rose 12%. Operating profit increased 59% and 38%, respectively. It cited revenue growth as the driver of the operating profit increase.

Source · Based on the MD&A text of the filing

3-Month Operating Profit Adjustments

The company said operating profit rose 59% in the 3 months, and excluding one-time items including the loss on disposition in 2023 (23 percentage points), the increase would be 26%. It listed legal costs in 2024 (4 percentage points) and higher amortization of acquired intangibles (1 percentage point) as partial offsets.

Source · Based on the MD&A text of the filing

6-Month Free Cash Flow and Share Repurchases

The company said free cash flow for the first six months of 2024 rose to $2,315 million, up $1,151 million from $1,164 million a year earlier. Share repurchases in the first half totaled 1.2 million shares for $500 million, down from 3.9 million shares for $1.5 billion a year earlier.

Source · Based on the MD&A text of the filing

First-Half Operating, Investing and Financing Cash Flows

The company said cash provided by operating activities in the first six months of 2024 increased by $1,141 million to $2,504 million. Cash used in investing activities was $319 million, and cash used in financing activities fell by $342 million to $1,405 million. Cash, cash equivalents and restricted cash as of June 30 were $2,039 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗