| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $420M | $394M | $304M | 6.6% | 38.2% |
| Op. Income | $217M | $118M | $117M | 84.0% | 85.5% |
| Gross Margin | 57.3% | 59.5% | 72.8% | -2.2pp | -15.5pp |
| Net Margin | 36.1% | 21.0% | 26.8% | 15.1pp | 9.3pp |
| EPS (Diluted) | $2.62 | $1.38 | $1.35 | 89.9% | 94.1% |
| Free Cash Flow | $108M | $28M | $100M | 290.0% | 7.8% |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $180M |
| GROSS PROFIT | $241M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $71M |
| SG&A Expenses | $81M |
| Other Expenses | -$58M |
| Operating Expenses | $23M |
| Cost & Expenses | $203M |
| OPERATING INCOME | $217M |
| Interest Income | $395M |
| Interest Expense | $166M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $6M |
| EBIT | $217M |
| EBITDA | $224M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $180M |
| GROSS PROFIT | $241M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $71M |
| SG&A Expenses | $81M |
| Other Expenses | -$58M |
| Operating Expenses | $23M |
| Cost & Expenses | $203M |
| OPERATING INCOME | $217M |
| Interest Income | $395M |
| Interest Expense | $166M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $6M |
| EBIT | $217M |
| EBITDA | $224M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $152M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | -$92M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $119M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$107M |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $638M |
| NET CASH FROM FINANCING | $467M |
| FREE CASH FLOW | $108M |
| Net Change in Cash | -$650M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $240M |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $0 |
| Goodwill | $147M |
| Intangible Assets | $28M |
| Long-Term Investments | $18.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $19.5B |
| TOTAL ASSETS | $21.6B |
| Account Payables | $369M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.2B |
| TOTAL CURRENT LIABILITIES | $18.6B |
| Long-Term Debt | $431M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $542M |
| TOTAL NON-CURRENT LIABILITIES | $973M |
| TOTAL LIABILITIES | $19.5B |
| Common Stock | $698.0K |
| Additional Paid-In Capital | $493M |
| Retained Earnings | $2.0B |
| Treasury Stock | -$382M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $21.6B |
| Total Debt | $431M |
| Net Debt | -$1.1B |
