| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.9B | 3.9% | 11.3% |
| Op. Income | $361M | $371M | $227M | -2.7% | 59.0% |
| Gross Margin | 32.8% | 35.0% | 32.4% | -2.2pp | 0.5pp |
| Net Margin | 8.7% | 9.5% | 6.5% | -0.8pp | 2.2pp |
| EPS (Diluted) | $1.04 | $1.09 | $0.69 | -4.6% | 50.7% |
| Free Cash Flow | $478M | $416M | $595M | 14.9% | -19.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $706M |
| Operating Expenses | $706M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $361M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $361M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $283M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $283M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $283M |
| D&A | $16M |
| EBIT | $392M |
| EBITDA | $408M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $706M |
| Operating Expenses | $706M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $361M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $361M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $283M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $283M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $283M |
| D&A | $16M |
| EBIT | $392M |
| EBITDA | $408M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $283M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | $223M |
| OPERATING CASH FLOW | $501M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$78M |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $551M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$909M |
| Net Debt Issuance | $395M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$114M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $280M |
| FREE CASH FLOW | $478M |
| Net Change in Cash | -$125M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $358M |
| Short-Term Investments | $2.9B |
| Net Receivables | $9.1B |
| Inventory | $0 |
| Other Current Assets | -$12.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $246M |
| Goodwill | $146M |
| Intangible Assets | $0 |
| Long-Term Investments | $43.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$43.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $63.1B |
| Account Payables | $0 |
| Short-Term Debt | $792M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$792M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $4.7B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $54.4B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.4B |
| Treasury Stock | -$95M |
| Accum. Other Comp. Income | -$3.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $63.1B |
| Total Debt | $3.2B |
| Net Debt | $2.8B |
