| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $532M | $639M | $489M | -16.7% | 8.8% |
| Op. Income | $347M | $456M | $337M | -23.9% | 3.0% |
| Gross Margin | 69.9% | 77.5% | 73.8% | -7.5pp | -3.9pp |
| Net Margin | 60.5% | 70.3% | 67.7% | -9.7pp | -7.2pp |
| EPS (Diluted) | $0.52 | $0.76 | $0.59 | -31.6% | -11.9% |
| Free Cash Flow | $314M | $221M | $184M | 42.1% | 70.7% |
| Item | Amount |
|---|---|
| REVENUE | $532M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $372M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $14M |
| Operating Expenses | $25M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $347M |
| Interest Income | $539M |
| Interest Expense | $160M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $347M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $0 |
| EBIT | $347M |
| EBITDA | $347M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $532M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $372M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $14M |
| Operating Expenses | $25M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $347M |
| Interest Income | $539M |
| Interest Expense | $160M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $347M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $0 |
| EBIT | $347M |
| EBITDA | $347M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $322M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$26M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $314M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.3B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $1.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$279M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $314M |
| Net Change in Cash | $104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $601M |
| Short-Term Investments | $0 |
| Net Receivables | $331M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $932M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25.2B |
| TOTAL NON-CURRENT ASSETS | $25.2B |
| TOTAL ASSETS | $26.1B |
| Account Payables | $163M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $163M |
| Long-Term Debt | $13.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $558M |
| TOTAL NON-CURRENT LIABILITIES | $13.6B |
| TOTAL LIABILITIES | $13.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $11.7B |
| Retained Earnings | $642M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.4B |
| TOTAL LIABILITIES & EQUITY | $26.1B |
| Total Debt | $13.0B |
| Net Debt | $12.4B |
