| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.4B | $3.2B | 1.6% | 6.0% |
| Op. Income | $402M | $427M | $361M | -5.9% | 11.4% |
| Gross Margin | 32.7% | 33.6% | 32.8% | -0.9pp | -0.1pp |
| Net Margin | 9.2% | 10.0% | 8.7% | -0.8pp | 0.5pp |
| EPS (Diluted) | $1.17 | $1.24 | $1.04 | -5.6% | 12.5% |
| Free Cash Flow | $597M | $484M | $478M | 23.3% | 24.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $726M |
| Operating Expenses | $726M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $402M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $402M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $317M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $317M |
| D&A | $18M |
| EBIT | $436M |
| EBITDA | $454M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $726M |
| Operating Expenses | $726M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $402M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $402M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $317M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $317M |
| D&A | $18M |
| EBIT | $436M |
| EBITDA | $454M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $317M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | $321M |
| OPERATING CASH FLOW | $616M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$46M |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | $44M |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | -$550M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$119M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$689M |
| FREE CASH FLOW | $597M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $375M |
| Short-Term Investments | $3.2B |
| Net Receivables | $9.5B |
| Inventory | $0 |
| Other Current Assets | -$13.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $259M |
| Goodwill | $146M |
| Intangible Assets | $0 |
| Long-Term Investments | $45.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$45.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $65.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $4.6B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.6B |
| TOTAL NON-CURRENT LIABILITIES | $55.3B |
| TOTAL LIABILITIES | $55.3B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.6B |
| Treasury Stock | -$95M |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.9B |
| TOTAL LIABILITIES & EQUITY | $65.2B |
| Total Debt | $3.0B |
| Net Debt | $2.6B |
