| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $997M | $1.0B | 3.1% | 2.6% |
| Op. Income | $147M | $154M | $172M | -4.6% | -14.5% |
| Gross Margin | 70.3% | 70.0% | 71.2% | 0.3pp | -0.9pp |
| Net Margin | 9.4% | 10.5% | 11.2% | -1.1pp | -1.8pp |
| EPS (Diluted) | $1.28 | $1.39 | $1.46 | -7.9% | -12.3% |
| Free Cash Flow | $106M | $19M | $193M | 451.3% | -44.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $306M |
| GROSS PROFIT | $723M |
| R&D Expenses | $92M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $452M |
| Other Expenses | $31M |
| Operating Expenses | $576M |
| Cost & Expenses | $881M |
| OPERATING INCOME | $147M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $36M |
| EBIT | $178M |
| EBITDA | $214M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $306M |
| GROSS PROFIT | $723M |
| R&D Expenses | $92M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $452M |
| Other Expenses | $31M |
| Operating Expenses | $576M |
| Cost & Expenses | $881M |
| OPERATING INCOME | $147M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $36M |
| EBIT | $178M |
| EBITDA | $214M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | -$75M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $135.0K |
| NET CASH FROM INVESTING | -$112M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$152M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | -$104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $761M |
| Short-Term Investments | $21M |
| Net Receivables | $1.2B |
| Inventory | $259M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $1.4B |
| Goodwill | $454M |
| Intangible Assets | $116M |
| Long-Term Investments | $0 |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $198M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $106M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $262M |
| TOTAL NON-CURRENT LIABILITIES | $360M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $129M |
| Net Debt | -$632M |
