| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $627M | $599M | $589M | 4.8% | 6.6% |
| Op. Income | $209M | $194M | $221M | 7.9% | -5.5% |
| Gross Margin | 87.5% | 88.2% | 88.8% | -0.6pp | -1.3pp |
| Net Margin | 31.5% | 30.7% | 34.3% | 0.8pp | -2.8pp |
| EPS (Diluted) | $1.74 | $1.60 | $1.69 | 8.7% | 3.0% |
| Free Cash Flow | $194M | $355M | $187M | -45.4% | 3.3% |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $549M |
| R&D Expenses | $97M |
| Selling & Marketing | $216M |
| General & Administrative | $27M |
| SG&A Expenses | $243M |
| Other Expenses | $0 |
| Operating Expenses | $340M |
| Cost & Expenses | $418M |
| OPERATING INCOME | $209M |
| Interest Income | $24M |
| Interest Expense | $0 |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $19M |
| EBIT | $209M |
| EBITDA | $228M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $549M |
| R&D Expenses | $97M |
| Selling & Marketing | $216M |
| General & Administrative | $27M |
| SG&A Expenses | $243M |
| Other Expenses | $0 |
| Operating Expenses | $340M |
| Cost & Expenses | $418M |
| OPERATING INCOME | $209M |
| Interest Income | $24M |
| Interest Expense | $0 |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $19M |
| EBIT | $209M |
| EBITDA | $228M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $197M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $600.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $200M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $147M |
| NET CASH FROM FINANCING | -$179M |
| FREE CASH FLOW | $194M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $573M |
| Short-Term Investments | $1.1B |
| Net Receivables | $457M |
| Inventory | $0 |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $81M |
| Goodwill | $0 |
| Intangible Assets | $1.7B |
| Long-Term Investments | $1.4B |
| Tax Assets | $89M |
| Other Non-Current Assets | $100M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $445M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $477M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $490M |
| TOTAL NON-CURRENT LIABILITIES | $966M |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $13.5B |
| Treasury Stock | -$13.6B |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $0 |
| Net Debt | -$573M |
