| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $711M | $1.1B | $750M | -32.8% | -5.2% |
| Op. Income | $384M | $340M | $131M | 13.2% | 192.7% |
| Gross Margin | 82.9% | 72.2% | 65.5% | 10.7pp | 17.3pp |
| Net Margin | 43.6% | 22.3% | 10.7% | 21.3pp | 32.9pp |
| EPS (Diluted) | $0.89 | $0.67 | $0.22 | 32.8% | 304.5% |
| Free Cash Flow | $455M | $393M | $226M | 15.7% | 101.1% |
| Item | Amount |
|---|---|
| REVENUE | $711M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $589M |
| R&D Expenses | $164M |
| Selling & Marketing | $67M |
| General & Administrative | $39M |
| SG&A Expenses | $106M |
| Other Expenses | -$65M |
| Operating Expenses | $205M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $384M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $301M |
| Net Income from Discontinued Ops | $9M |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $109M |
| EBIT | $400M |
| EBITDA | $508M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $711M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $589M |
| R&D Expenses | $164M |
| Selling & Marketing | $67M |
| General & Administrative | $39M |
| SG&A Expenses | $106M |
| Other Expenses | -$65M |
| Operating Expenses | $205M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $384M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $301M |
| Net Income from Discontinued Ops | $9M |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $109M |
| EBIT | $400M |
| EBITDA | $508M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $310M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | $455M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$48M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$352M |
| NET CASH FROM FINANCING | -$361M |
| FREE CASH FLOW | $455M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $460M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $125M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $169M |
| Goodwill | $1.8B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $516M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $388M |
| Short-Term Debt | $36M |
| Deferred Revenue | $74M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $730M |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $243M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$267M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $815M |
| Minority Interest | $0 |
| TOTAL EQUITY | $815M |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $3.5B |
| Net Debt | $3.1B |
