| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $646M | $640M | $405M | 0.8% | 59.7% |
| Op. Income | $194M | $211M | $140M | -8.1% | 38.7% |
| Gross Margin | 74.1% | 77.4% | 95.5% | -3.3pp | -21.3pp |
| Net Margin | 25.1% | 27.7% | 29.4% | -2.6pp | -4.3pp |
| EPS (Diluted) | $2.46 | $2.69 | $1.81 | -8.6% | 35.9% |
| Free Cash Flow | $116M | $122M | -$53M | -5.3% | 316.7% |
| Item | Amount |
|---|---|
| REVENUE | $646M |
| Cost of Revenue | $167M |
| GROSS PROFIT | $479M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $166M |
| SG&A Expenses | $166M |
| Other Expenses | $119M |
| Operating Expenses | $285M |
| Cost & Expenses | $452M |
| OPERATING INCOME | $194M |
| Interest Income | $542M |
| Interest Expense | $157M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $162M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $19M |
| EBIT | $194M |
| EBITDA | $212M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $646M |
| Cost of Revenue | $167M |
| GROSS PROFIT | $479M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $166M |
| SG&A Expenses | $166M |
| Other Expenses | $119M |
| Operating Expenses | $285M |
| Cost & Expenses | $452M |
| OPERATING INCOME | $194M |
| Interest Income | $542M |
| Interest Expense | $157M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $162M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $19M |
| EBIT | $194M |
| EBITDA | $212M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $162M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$680.0K |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $155M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$600M |
| Sales/Maturities of Investments | $835M |
| Other Investing Activities | -$265M |
| NET CASH FROM INVESTING | -$69M |
| Net Debt Issuance | -$711M |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | -$56M |
| Other Financing Activities | -$1.5B |
| NET CASH FROM FINANCING | -$2.3B |
| FREE CASH FLOW | $116M |
| Net Change in Cash | -$2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.0B |
| Short-Term Investments | $17.2B |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25.3B |
| PP&E (Net) | $1.2B |
| Goodwill | $655M |
| Intangible Assets | $208.0K |
| Long-Term Investments | $21.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $320M |
| TOTAL NON-CURRENT ASSETS | $23.3B |
| TOTAL ASSETS | $48.6B |
| Account Payables | $704M |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40.7B |
| TOTAL CURRENT LIABILITIES | $45.0B |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $223M |
| TOTAL LIABILITIES | $45.2B |
| Common Stock | $644.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.5B |
| Treasury Stock | -$28M |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $48.6B |
| Total Debt | $3.8B |
| Net Debt | -$3.2B |
