| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $771M | $689M | $453M | 11.9% | 70.1% |
| Op. Income | $196M | $208M | $169M | -6.1% | 15.8% |
| Gross Margin | 65.6% | 73.8% | 95.5% | -8.2pp | -29.9pp |
| Net Margin | 19.6% | 23.6% | 29.3% | -4.0pp | -9.7pp |
| EPS (Diluted) | $2.27 | $2.43 | $1.97 | -6.6% | 15.2% |
| Free Cash Flow | -$3.1B | $2.4B | $2.4B | -227.3% | -226.6% |
| Item | Amount |
|---|---|
| REVENUE | $771M |
| Cost of Revenue | $265M |
| GROSS PROFIT | $506M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $198M |
| SG&A Expenses | $205M |
| Other Expenses | $105M |
| Operating Expenses | $310M |
| Cost & Expenses | $575M |
| OPERATING INCOME | $196M |
| Interest Income | $570M |
| Interest Expense | $248M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $30M |
| EBIT | $196M |
| EBITDA | $225M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $771M |
| Cost of Revenue | $265M |
| GROSS PROFIT | $506M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $198M |
| SG&A Expenses | $205M |
| Other Expenses | $105M |
| Operating Expenses | $310M |
| Cost & Expenses | $575M |
| OPERATING INCOME | $196M |
| Interest Income | $570M |
| Interest Expense | $248M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $30M |
| EBIT | $196M |
| EBITDA | $225M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $152M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$109M |
| Change in Working Capital | -$3.1B |
| OPERATING CASH FLOW | -$3.0B |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$638M |
| Sales/Maturities of Investments | $544M |
| Other Investing Activities | -$561M |
| NET CASH FROM INVESTING | -$656M |
| Net Debt Issuance | $2.9B |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $936M |
| NET CASH FROM FINANCING | $3.8B |
| FREE CASH FLOW | -$3.1B |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $11.9B |
| Net Receivables | $398M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.8B |
| PP&E (Net) | $618M |
| Goodwill | $1.0B |
| Intangible Assets | $374M |
| Long-Term Investments | $26.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.4B |
| TOTAL NON-CURRENT ASSETS | $35.5B |
| TOTAL ASSETS | $49.2B |
| Account Payables | $229M |
| Short-Term Debt | $5.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33.3B |
| TOTAL CURRENT LIABILITIES | $39.0B |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $44.4B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $5.1B |
| Treasury Stock | -$767M |
| Accum. Other Comp. Income | -$837M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $4M |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $49.2B |
| Total Debt | $9.4B |
| Net Debt | $7.9B |
