| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.9B | $2.6B | -13.3% | -2.3% |
| Op. Income | $386M | $953M | $666M | -59.5% | -42.0% |
| Gross Margin | 41.8% | 54.0% | 48.6% | -12.2pp | -6.7pp |
| Net Margin | 12.3% | 25.7% | 20.5% | -13.5pp | -8.2pp |
| EPS (Diluted) | $1.98 | $4.78 | $3.38 | -58.6% | -41.4% |
| Free Cash Flow | $737M | $346M | $571M | 113.0% | 29.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $678M |
| Operating Expenses | $678M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $386M |
| Interest Income | $242M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $74M |
| NET INCOME | $312M |
| D&A | $42M |
| EBIT | $400M |
| EBITDA | $442M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $678M |
| Operating Expenses | $678M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $386M |
| Interest Income | $242M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $74M |
| NET INCOME | $312M |
| D&A | $42M |
| EBIT | $400M |
| EBITDA | $442M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $312M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$125M |
| Change in Working Capital | $500M |
| OPERATING CASH FLOW | $742M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$843M |
| Sales/Maturities of Investments | $469M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$385M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$46M |
| Common Dividends Paid | -$125M |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | -$205M |
| FREE CASH FLOW | $737M |
| Net Change in Cash | $152M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $771M |
| Short-Term Investments | $1.2B |
| Net Receivables | $3.9B |
| Inventory | $0 |
| Other Current Assets | -$6.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $213M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $26.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$26.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $34.8B |
| Account Payables | $0 |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$25M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $849M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | -$2.3B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $22.0B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $13.9B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$470M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.8B |
| TOTAL LIABILITIES & EQUITY | $34.8B |
| Total Debt | $874M |
| Net Debt | $103M |
