| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $2.7B | 1.6% | 7.1% |
| Op. Income | $233M | $293M | $204M | -20.5% | 14.0% |
| Gross Margin | 76.2% | 78.4% | 76.8% | -2.2pp | -0.6pp |
| Net Margin | 6.5% | 8.2% | 5.7% | -1.8pp | 0.7pp |
| EPS (Diluted) | $3.58 | $4.47 | $2.90 | -19.9% | 23.4% |
| Free Cash Flow | $656M | $32M | $136M | 1967.8% | 382.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $696M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.0B |
| Operating Expenses | $2.0B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $233M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $51M |
| EBIT | $260M |
| EBITDA | $310M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $696M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.0B |
| Operating Expenses | $2.0B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $233M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $51M |
| EBIT | $260M |
| EBITDA | $310M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $189M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $428M |
| OPERATING CASH FLOW | $711M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$520M |
| Sales/Maturities of Investments | $383M |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$193M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $700.0K |
| NET CASH FROM FINANCING | -$81M |
| FREE CASH FLOW | $656M |
| Net Change in Cash | $431M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $2.3B |
| Net Receivables | $8.5B |
| Inventory | $0 |
| Other Current Assets | -$12.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $733M |
| Goodwill | $2.6B |
| Intangible Assets | $576M |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$11.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $33.8B |
| Account Payables | $2.6B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.1B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $28.8B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | -$853M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $33.8B |
| Total Debt | $2.1B |
| Net Debt | $369M |
