| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $4.4B | $5.5B | 32.7% | 7.3% |
| Op. Income | $1.9B | $791M | $1.7B | 134.6% | 10.9% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 26.0% | 17.6% | 23.6% | 8.4pp | 2.3pp |
| EPS (Diluted) | $1.78 | $0.89 | $1.40 | 98.4% | 27.2% |
| Free Cash Flow | $2.4B | $2.6B | $1.6B | -7.6% | 44.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.8B |
| General & Administrative | $919M |
| SG&A Expenses | $3.7B |
| Other Expenses | $325M |
| Operating Expenses | $4.0B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $1.9B |
| Interest Income | $293M |
| Interest Expense | $264M |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $401M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $181M |
| EBIT | $2.2B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.8B |
| General & Administrative | $919M |
| SG&A Expenses | $3.7B |
| Other Expenses | $325M |
| Operating Expenses | $4.0B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $1.9B |
| Interest Income | $293M |
| Interest Expense | $264M |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $401M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $181M |
| EBIT | $2.2B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $181M |
| Stock-Based Compensation | $140M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $626M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$146M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $297M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | $137M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.7B |
| Common Dividends Paid | -$295M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$2.0B |
| FREE CASH FLOW | $2.4B |
| Net Change in Cash | $665M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.3B |
| Short-Term Investments | $37M |
| Net Receivables | $3.8B |
| Inventory | $0 |
| Other Current Assets | $482M |
| TOTAL CURRENT ASSETS | $21.3B |
| PP&E (Net) | $1.5B |
| Goodwill | $2.8B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $468M |
| Tax Assets | $264M |
| Other Non-Current Assets | $692M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $28.5B |
| Account Payables | $3.9B |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $6.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18.2B |
| Long-Term Debt | $13.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $264M |
| Other Non-Current Liabilities | $457M |
| TOTAL NON-CURRENT LIABILITIES | $14.6B |
| TOTAL LIABILITIES | $32.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.5B |
| Retained Earnings | $33.5B |
| Treasury Stock | -$45.0B |
| Accum. Other Comp. Income | -$324M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4.3B |
| TOTAL LIABILITIES & EQUITY | $28.5B |
| Total Debt | $17.3B |
| Net Debt | $1.0B |
