| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.2B | $4.8B | 2.5% | 10.2% |
| Op. Income | $1.9B | $907M | $1.6B | 107.8% | 16.1% |
| Gross Margin | 88.7% | 88.6% | 88.1% | 0.1pp | 0.6pp |
| Net Margin | 29.6% | 12.0% | 26.9% | 17.7pp | 2.7pp |
| EPS (Diluted) | $3.49 | $1.36 | $2.82 | 156.6% | 23.8% |
| Free Cash Flow | $1.9B | $1.1B | $2.0B | 71.8% | -6.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $598M |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $984M |
| Selling & Marketing | $1.4B |
| General & Administrative | $355M |
| SG&A Expenses | $1.8B |
| Other Expenses | $42M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $357M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $214M |
| EBIT | $2.0B |
| EBITDA | $2.2B |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $598M |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $984M |
| Selling & Marketing | $1.4B |
| General & Administrative | $355M |
| SG&A Expenses | $1.8B |
| Other Expenses | $42M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $357M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $214M |
| EBIT | $2.0B |
| EBITDA | $2.2B |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $214M |
| Stock-Based Compensation | $467M |
| Deferred Income Tax | -$122M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$215M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $163M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $111M |
| Net Debt Issuance | $2.0B |
| Common Stock Repurchased | -$2.5B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$139M |
| NET CASH FROM FINANCING | -$642M |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.7B |
| Short-Term Investments | $405M |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $11.0B |
| PP&E (Net) | $2.4B |
| Goodwill | $12.8B |
| Intangible Assets | $933M |
| Long-Term Investments | $0 |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $19.0B |
| TOTAL ASSETS | $30.0B |
| Account Payables | $357M |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $5.6B |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $9.5B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $128M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $15.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $12.5B |
| Retained Earnings | $35.2B |
| Treasury Stock | -$32.6B |
| Accum. Other Comp. Income | -$276M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.8B |
| TOTAL LIABILITIES & EQUITY | $30.0B |
| Total Debt | $6.1B |
| Net Debt | -$1.6B |
