| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $707M | $697M | $646M | 1.5% | 9.5% |
| Op. Income | $175M | $162M | $194M | 8.4% | -9.6% |
| Gross Margin | 69.6% | 70.0% | 74.1% | -0.4pp | -4.6pp |
| Net Margin | 20.6% | 19.5% | 25.1% | 1.1pp | -4.5pp |
| EPS (Diluted) | $2.21 | $2.06 | $2.46 | 7.3% | -10.2% |
| Free Cash Flow | $103M | $450M | $116M | -77.1% | -11.1% |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $492M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $188M |
| SG&A Expenses | $188M |
| Other Expenses | $129M |
| Operating Expenses | $317M |
| Cost & Expenses | $532M |
| OPERATING INCOME | $175M |
| Interest Income | $596M |
| Interest Expense | $200M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $20M |
| EBIT | $175M |
| EBITDA | $196M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $492M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $188M |
| SG&A Expenses | $188M |
| Other Expenses | $129M |
| Operating Expenses | $317M |
| Cost & Expenses | $532M |
| OPERATING INCOME | $175M |
| Interest Income | $596M |
| Interest Expense | $200M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $20M |
| EBIT | $175M |
| EBITDA | $196M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $130M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $2.8B |
| Other Investing Activities | -$611M |
| NET CASH FROM INVESTING | -$686M |
| Net Debt Issuance | -$186M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$60M |
| Other Financing Activities | -$486M |
| NET CASH FROM FINANCING | -$763M |
| FREE CASH FLOW | $103M |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.1B |
| Short-Term Investments | $15.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.3B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $23.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $26.6B |
| TOTAL ASSETS | $48.8B |
| Account Payables | $0 |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40.3B |
| TOTAL CURRENT LIABILITIES | $44.1B |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $837M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $45.2B |
| Common Stock | $644.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.8B |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $48.8B |
| Total Debt | $4.0B |
| Net Debt | -$3.0B |
