| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $299M | $292M | $278M | 2.5% | 7.7% |
| Op. Income | $235M | $206M | $214M | 14.0% | 9.7% |
| Gross Margin | 86.8% | 75.1% | 81.8% | 11.7pp | 5.0pp |
| Net Margin | 61.5% | 55.2% | 60.5% | 6.3pp | 0.9pp |
| EPS (Diluted) | $1.16 | $1.01 | $1.04 | 14.9% | 11.5% |
| Free Cash Flow | $145M | $187M | $168M | -22.7% | -13.8% |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $259M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $25M |
| Operating Expenses | $25M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $235M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $0 |
| EBIT | $248M |
| EBITDA | $248M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $259M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $25M |
| Operating Expenses | $25M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $235M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $0 |
| EBIT | $248M |
| EBITDA | $248M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $184M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$77.0K |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $145M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$316M |
| Sales/Maturities of Investments | $353M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $32M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$92M |
| FREE CASH FLOW | $145M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $699M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $748M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.3B |
| Tax Assets | $89M |
| Other Non-Current Assets | $169M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $130M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $130M |
| Long-Term Debt | $742M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $651M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$236M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $742M |
| Net Debt | $43M |
