| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $545M | $504M | $311M | 8.2% | 75.3% |
| Op. Income | $111M | $131M | $110M | -15.3% | 0.5% |
| Gross Margin | 55.0% | 62.9% | 93.3% | -7.9pp | -38.3pp |
| Net Margin | 16.0% | 20.5% | 27.9% | -4.5pp | -11.9pp |
| EPS (Diluted) | $0.56 | $0.66 | $0.56 | -15.2% | 0.0% |
| Free Cash Flow | $116M | $34M | $227M | 244.1% | -49.0% |
| Item | Amount |
|---|---|
| REVENUE | $545M |
| Cost of Revenue | $245M |
| GROSS PROFIT | $300M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $124M |
| SG&A Expenses | $131M |
| Other Expenses | $58M |
| Operating Expenses | $189M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $111M |
| Interest Income | $481M |
| Interest Expense | $223M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $30M |
| EBIT | $111M |
| EBITDA | $141M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $545M |
| Cost of Revenue | $245M |
| GROSS PROFIT | $300M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $124M |
| SG&A Expenses | $131M |
| Other Expenses | $58M |
| Operating Expenses | $189M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $111M |
| Interest Income | $481M |
| Interest Expense | $223M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $30M |
| EBIT | $111M |
| EBITDA | $141M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $131M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$267M |
| Sales/Maturities of Investments | $122M |
| Other Investing Activities | -$580M |
| NET CASH FROM INVESTING | -$741M |
| Net Debt Issuance | -$1.2B |
| Common Stock Repurchased | -$884.0K |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $1.7B |
| NET CASH FROM FINANCING | $417M |
| FREE CASH FLOW | $116M |
| Net Change in Cash | -$193M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $599M |
| Short-Term Investments | $3.5B |
| Net Receivables | $159M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $375M |
| Goodwill | $1.1B |
| Intangible Assets | $125M |
| Long-Term Investments | $33.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $37.0B |
| TOTAL ASSETS | $41.2B |
| Account Payables | $0 |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32.0B |
| TOTAL CURRENT LIABILITIES | $35.3B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $37.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.0B |
| Treasury Stock | -$515M |
| Accum. Other Comp. Income | -$292M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $41.2B |
| Total Debt | $4.5B |
| Net Debt | $3.9B |
