| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | — | -6.5% | — |
| Op. Income | $293M | $325M | — | -9.8% | — |
| Gross Margin | 48.8% | 48.5% | — | 0.4pp | — |
| Net Margin | 18.3% | 21.3% | — | -3.0pp | — |
| EPS (Diluted) | $0.67 | $0.83 | — | -19.3% | — |
| Free Cash Flow | $315M | $48M | — | 556.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $530M |
| GROSS PROFIT | $506M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $213M |
| Operating Expenses | $213M |
| Cost & Expenses | $743M |
| OPERATING INCOME | $293M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $254M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $52M |
| EBIT | $304M |
| EBITDA | $356M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $530M |
| GROSS PROFIT | $506M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $213M |
| Operating Expenses | $213M |
| Cost & Expenses | $743M |
| OPERATING INCOME | $293M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $254M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $52M |
| EBIT | $304M |
| EBITDA | $356M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $190M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $78M |
| OPERATING CASH FLOW | $328M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$77M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | -$112M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $214M |
| NET CASH FROM FINANCING | $67M |
| FREE CASH FLOW | $315M |
| Net Change in Cash | $320M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $628M |
| Short-Term Investments | $10M |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $450M |
| Goodwill | $6.9B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $272M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $14.1B |
| Account Payables | $329M |
| Short-Term Debt | $53M |
| Deferred Revenue | $488M |
| Other Current Liabilities | $2.8B |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $572M |
| Other Non-Current Liabilities | $321M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $9.0B |
| Common Stock | $30M |
| Additional Paid-In Capital | $927M |
| Retained Earnings | $4.9B |
| Treasury Stock | -$748M |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $4.0B |
| Net Debt | $3.4B |
