| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.3B | 1.2% | 7.2% |
| Op. Income | $176M | $198M | $29M | -11.1% | 512.4% |
| Gross Margin | 26.9% | 28.9% | 18.6% | -2.0pp | 8.3pp |
| Net Margin | 11.1% | 13.5% | 2.8% | -2.3pp | 8.4pp |
| EPS (Diluted) | $1.67 | $2.01 | $0.32 | -16.9% | 421.9% |
| Free Cash Flow | $397M | $222M | $374M | 78.4% | 6.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $990M |
| GROSS PROFIT | $364M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $169M |
| SG&A Expenses | $169M |
| Other Expenses | $19M |
| Operating Expenses | $188M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $16M |
| EBIT | $193M |
| EBITDA | $209M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $990M |
| GROSS PROFIT | $364M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $169M |
| SG&A Expenses | $169M |
| Other Expenses | $19M |
| Operating Expenses | $188M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $16M |
| EBIT | $193M |
| EBITDA | $209M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $151M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $190M |
| OPERATING CASH FLOW | $397M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $397M |
| Net Change in Cash | $339M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $4.3B |
| Net Receivables | $9.9B |
| Inventory | $0 |
| Other Current Assets | -$17.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $109M |
| Goodwill | $101M |
| Intangible Assets | $192M |
| Long-Term Investments | $13.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$13.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $29.3B |
| Account Payables | $1.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.9B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $24.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $6.5B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$631M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $29.3B |
| Total Debt | $1.5B |
| Net Debt | $347M |
