| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $3.8B | $4.3B | 44.6% | 27.2% |
| Op. Income | $1.7B | $450M | $1.0B | 271.8% | 67.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 23.6% | 7.0% | 20.0% | 16.6pp | 3.7pp |
| EPS (Diluted) | $1.40 | $0.28 | $0.84 | 398.4% | 65.6% |
| Free Cash Flow | $1.6B | $2.8B | $2.6B | -41.3% | -36.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.5B |
| General & Administrative | $1.0B |
| SG&A Expenses | $3.5B |
| Other Expenses | $265M |
| Operating Expenses | $3.8B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $1.7B |
| Interest Income | $266M |
| Interest Expense | $241M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $328M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $160M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.5B |
| General & Administrative | $1.0B |
| SG&A Expenses | $3.5B |
| Other Expenses | $265M |
| Operating Expenses | $3.8B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $1.7B |
| Interest Income | $266M |
| Interest Expense | $241M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $328M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $160M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $160M |
| Stock-Based Compensation | $128M |
| Deferred Income Tax | -$49M |
| Other Non-Cash Items | $123M |
| Change in Working Capital | $85M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$92M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $1.9B |
| Common Stock Repurchased | -$3.1B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $458M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.6B |
| Short-Term Investments | $640M |
| Net Receivables | $2.8B |
| Inventory | $0 |
| Other Current Assets | $453M |
| TOTAL CURRENT ASSETS | $19.3B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.8B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $440M |
| Tax Assets | $338M |
| Other Non-Current Assets | $548M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $26.6B |
| Account Payables | $2.1B |
| Short-Term Debt | $855M |
| Deferred Revenue | $6.0B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12.5B |
| Long-Term Debt | $13.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $338M |
| Other Non-Current Liabilities | $673M |
| TOTAL NON-CURRENT LIABILITIES | $14.7B |
| TOTAL LIABILITIES | $27.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | $29.1B |
| Treasury Stock | -$36.3B |
| Accum. Other Comp. Income | -$291M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$665M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$665M |
| TOTAL LIABILITIES & EQUITY | $26.6B |
| Total Debt | $14.6B |
| Net Debt | -$16M |
