| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $589M | $566M | $571M | 4.0% | 3.1% |
| Op. Income | $221M | $200M | $209M | 10.8% | 6.0% |
| Gross Margin | 88.8% | 88.0% | 86.9% | 0.8pp | 1.9pp |
| Net Margin | 34.3% | 32.5% | 30.4% | 1.8pp | 3.9pp |
| EPS (Diluted) | $1.69 | $1.52 | $1.36 | 11.2% | 24.3% |
| Free Cash Flow | $187M | $381M | $205M | -50.9% | -8.6% |
| Item | Amount |
|---|---|
| REVENUE | $589M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $523M |
| R&D Expenses | $87M |
| Selling & Marketing | $186M |
| General & Administrative | $28M |
| SG&A Expenses | $214M |
| Other Expenses | $0 |
| Operating Expenses | $301M |
| Cost & Expenses | $367M |
| OPERATING INCOME | $221M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $8M |
| EBIT | $221M |
| EBITDA | $230M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $589M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $523M |
| R&D Expenses | $87M |
| Selling & Marketing | $186M |
| General & Administrative | $28M |
| SG&A Expenses | $214M |
| Other Expenses | $0 |
| Operating Expenses | $301M |
| Cost & Expenses | $367M |
| OPERATING INCOME | $221M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $8M |
| EBIT | $221M |
| EBITDA | $230M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $202M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $700.0K |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $191M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $44M |
| NET CASH FROM FINANCING | -$281M |
| FREE CASH FLOW | $187M |
| Net Change in Cash | -$104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $1.3B |
| Net Receivables | $413M |
| Inventory | $0 |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $78M |
| Goodwill | $0 |
| Intangible Assets | $1.3B |
| Long-Term Investments | $1.9B |
| Tax Assets | $68M |
| Other Non-Current Assets | $72M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $454M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $467M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $437M |
| TOTAL NON-CURRENT LIABILITIES | $904M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $12.7B |
| Treasury Stock | -$12.4B |
| Accum. Other Comp. Income | -$91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $0 |
| Net Debt | -$286M |
