| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $716M | $759M | $621M | -5.7% | 15.3% |
| Op. Income | $119M | $150M | $8M | -20.7% | 1387.5% |
| Gross Margin | 73.6% | 76.7% | 70.9% | -3.1pp | 2.7pp |
| Net Margin | 15.9% | 16.9% | 1.3% | -0.9pp | 14.6pp |
| EPS (Diluted) | $0.08 | $0.46 | $0.03 | -82.8% | 175.1% |
| Free Cash Flow | $159M | $61M | $60M | 160.7% | 165.0% |
| Item | Amount |
|---|---|
| REVENUE | $716M |
| Cost of Revenue | $189M |
| GROSS PROFIT | $527M |
| R&D Expenses | $130M |
| Selling & Marketing | $166M |
| General & Administrative | $51M |
| SG&A Expenses | $217M |
| Other Expenses | $61M |
| Operating Expenses | $408M |
| Cost & Expenses | $597M |
| OPERATING INCOME | $119M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | -$114M |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $15M |
| EBIT | $119M |
| EBITDA | $134M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $716M |
| Cost of Revenue | $189M |
| GROSS PROFIT | $527M |
| R&D Expenses | $130M |
| Selling & Marketing | $166M |
| General & Administrative | $51M |
| SG&A Expenses | $217M |
| Other Expenses | $61M |
| Operating Expenses | $408M |
| Cost & Expenses | $597M |
| OPERATING INCOME | $119M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | -$114M |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $15M |
| EBIT | $119M |
| EBITDA | $134M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $172M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$60M |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $140M |
| Other Investing Activities | $60M |
| NET CASH FROM INVESTING | $47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $159M |
| Net Change in Cash | $222M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $125M |
| Net Receivables | $765M |
| Inventory | $0 |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $92M |
| Goodwill | $318M |
| Intangible Assets | $88M |
| Long-Term Investments | $23M |
| Tax Assets | $352M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $891M |
| TOTAL ASSETS | $3.8B |
| Account Payables | $47M |
| Short-Term Debt | $13M |
| Deferred Revenue | $198M |
| Other Current Liabilities | $349M |
| TOTAL CURRENT LIABILITIES | $682M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $774M |
| Common Stock | $0 |
| Additional Paid-In Capital | $928M |
| Retained Earnings | -$735M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $43M |
| Net Debt | -$1.9B |
