| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $425M | $385M | $380M | 10.4% | 12.0% |
| Op. Income | $127M | $97M | $83M | 29.8% | 52.5% |
| Gross Margin | 63.8% | 61.3% | 58.4% | 2.5pp | 5.4pp |
| Net Margin | 21.3% | 19.3% | 16.5% | 2.1pp | 4.8pp |
| EPS (Diluted) | $1.32 | $1.08 | $0.91 | 22.2% | 45.1% |
| Free Cash Flow | -$100M | $15M | $88M | -762.6% | -214.2% |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $88M |
| SG&A Expenses | $92M |
| Other Expenses | $53M |
| Operating Expenses | $145M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $127M |
| Interest Income | $347M |
| Interest Expense | $135M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $11M |
| EBIT | $127M |
| EBITDA | $138M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $88M |
| SG&A Expenses | $92M |
| Other Expenses | $53M |
| Operating Expenses | $145M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $127M |
| Interest Income | $347M |
| Interest Expense | $135M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $11M |
| EBIT | $127M |
| EBITDA | $138M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | -$206M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$97M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$190M |
| Sales/Maturities of Investments | $68M |
| Other Investing Activities | -$374M |
| NET CASH FROM INVESTING | -$500M |
| Net Debt Issuance | $315M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $447M |
| NET CASH FROM FINANCING | $748M |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | $151M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $213M |
| Goodwill | $1.0B |
| Intangible Assets | $79M |
| Long-Term Investments | $21.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $848M |
| TOTAL NON-CURRENT ASSETS | $23.6B |
| TOTAL ASSETS | $26.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.4B |
| TOTAL CURRENT LIABILITIES | $21.4B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $432M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $23.0B |
| Common Stock | $73M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$103M |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $26.5B |
| Total Debt | $1.1B |
| Net Debt | -$284M |
