| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.1B | $2.5B | 28.3% | 10.6% |
| Op. Income | $497M | $101M | $523M | 392.1% | -5.0% |
| Gross Margin | 81.6% | 77.6% | 82.6% | 4.0pp | -1.0pp |
| Net Margin | 20.2% | 12.3% | 26.2% | 7.9pp | -6.0pp |
| EPS (Diluted) | $0.86 | $0.41 | $0.98 | 109.8% | -12.2% |
| Free Cash Flow | $1.1B | $1.9B | $900M | -45.3% | 16.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $506M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $519M |
| Selling & Marketing | $573M |
| General & Administrative | $315M |
| SG&A Expenses | $888M |
| Other Expenses | $338M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $497M |
| Interest Income | $226M |
| Interest Expense | $0 |
| Other Income/Expenses | $184M |
| INCOME BEFORE TAX | $681M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $555M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $555M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $556M |
| D&A | $14M |
| EBIT | $497M |
| EBITDA | $511M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $506M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $519M |
| Selling & Marketing | $573M |
| General & Administrative | $315M |
| SG&A Expenses | $888M |
| Other Expenses | $338M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $497M |
| Interest Income | $226M |
| Interest Expense | $0 |
| Other Income/Expenses | $184M |
| INCOME BEFORE TAX | $681M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $555M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $555M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $556M |
| D&A | $14M |
| EBIT | $497M |
| EBITDA | $511M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $555M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $382M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $122M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$694M |
| Sales/Maturities of Investments | $592M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$110M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$749M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.6B |
| NET CASH FROM FINANCING | $811M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $3.4B |
| Net Receivables | $10.5B |
| Inventory | $0 |
| Other Current Assets | $484M |
| TOTAL CURRENT ASSETS | $22.3B |
| PP&E (Net) | $273M |
| Goodwill | $0 |
| Intangible Assets | $783M |
| Long-Term Investments | $0 |
| Tax Assets | $2.8B |
| Other Non-Current Assets | $187M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $26.3B |
| Account Payables | $163M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $353M |
| TOTAL CURRENT LIABILITIES | $15.8B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $275M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $18.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $12.1B |
| Retained Earnings | -$4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $26.3B |
| Total Debt | $2.3B |
| Net Debt | -$5.6B |
