| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.6B | $1.5B | 10.2% | 23.9% |
| Op. Income | $274M | $1.6B | $229M | -83.3% | 19.7% |
| Gross Margin | 101.5% | 100.0% | 105.2% | 1.5pp | -3.6pp |
| Net Margin | 11.0% | 12.9% | 11.4% | -1.9pp | -0.4pp |
| EPS (Diluted) | $2.35 | $2.48 | $1.96 | -5.2% | 19.9% |
| Free Cash Flow | $95M | $390M | -$24M | -75.6% | 495.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | -$28M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $176M |
| Operating Expenses | $176M |
| Cost & Expenses | -$1.6B |
| OPERATING INCOME | $274M |
| Interest Income | $19M |
| Interest Expense | $19M |
| Other Income/Expenses | -$1.4B |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $19M |
| EBIT | $1.7B |
| EBITDA | $293M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | -$28M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $176M |
| Operating Expenses | $176M |
| Cost & Expenses | -$1.6B |
| OPERATING INCOME | $274M |
| Interest Income | $19M |
| Interest Expense | $19M |
| Other Income/Expenses | -$1.4B |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $19M |
| EBIT | $1.7B |
| EBITDA | $293M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $200M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | $115M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$638M |
| Sales/Maturities of Investments | $954M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $295M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | -$53M |
| Other Financing Activities | -$182M |
| NET CASH FROM FINANCING | -$279M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | $131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $988M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $167M |
| Goodwill | $246M |
| Intangible Assets | $418M |
| Long-Term Investments | $1.8B |
| Tax Assets | $10.2B |
| Other Non-Current Assets | $7.3B |
| TOTAL NON-CURRENT ASSETS | $20.1B |
| TOTAL ASSETS | $24.1B |
| Account Payables | $1.0B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.1B |
| TOTAL CURRENT LIABILITIES | $9.1B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.3B |
| TOTAL NON-CURRENT LIABILITIES | $11.0B |
| TOTAL LIABILITIES | $20.1B |
| Common Stock | $85M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$511M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $24.1B |
| Total Debt | $1.7B |
| Net Debt | $676M |
