| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $456M | $455M | $471M | 0.1% | -3.3% |
| Op. Income | $141M | $284M | $379M | -50.6% | -63.0% |
| Gross Margin | 74.4% | 75.9% | 80.8% | -1.4pp | -6.3pp |
| Net Margin | 23.6% | 47.1% | 61.2% | -23.5pp | -37.7pp |
| EPS (Diluted) | $7.94 | $14.94 | $17.18 | -46.9% | -53.8% |
| Free Cash Flow | $250M | $374M | $341M | -33.2% | -26.6% |
| Item | Amount |
|---|---|
| REVENUE | $456M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $339M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $32M |
| SG&A Expenses | $51M |
| Other Expenses | $148M |
| Operating Expenses | $199M |
| Cost & Expenses | $315M |
| OPERATING INCOME | $141M |
| Interest Income | $700.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $7M |
| EBIT | $141M |
| EBITDA | $147M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $456M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $339M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $32M |
| SG&A Expenses | $51M |
| Other Expenses | $148M |
| Operating Expenses | $199M |
| Cost & Expenses | $315M |
| OPERATING INCOME | $141M |
| Interest Income | $700.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $7M |
| EBIT | $141M |
| EBITDA | $147M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $107M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $148M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $250M |
| Capital Expenditure | $700.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$143M |
| NET CASH FROM INVESTING | -$148M |
| Net Debt Issuance | $54M |
| Common Stock Repurchased | -$230M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$170M |
| FREE CASH FLOW | $250M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $431M |
| Short-Term Investments | $6M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | -$489M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $54M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$54M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $7.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $226M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $52M |
| Deferred Tax Liabilities | $440M |
| Other Non-Current Liabilities | -$4.3B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $226M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $4.8B |
| Net Debt | $4.4B |
