| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $740M | $735M | $715M | 0.8% | 3.5% |
| Op. Income | $161M | $169M | $179M | -4.7% | -10.0% |
| Gross Margin | 59.5% | 62.2% | 71.0% | -2.7pp | -11.5pp |
| Net Margin | 16.2% | 16.9% | 18.6% | -0.7pp | -2.4pp |
| EPS (Diluted) | $0.57 | $0.59 | $0.64 | -3.4% | -10.9% |
| Free Cash Flow | $144M | $180M | $266M | -19.9% | -46.0% |
| Item | Amount |
|---|---|
| REVENUE | $740M |
| Cost of Revenue | $300M |
| GROSS PROFIT | $440M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $155M |
| SG&A Expenses | $157M |
| Other Expenses | $122M |
| Operating Expenses | $279M |
| Cost & Expenses | $579M |
| OPERATING INCOME | $161M |
| Interest Income | $693M |
| Interest Expense | $268M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $37M |
| EBIT | $161M |
| EBITDA | $198M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $740M |
| Cost of Revenue | $300M |
| GROSS PROFIT | $440M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $155M |
| SG&A Expenses | $157M |
| Other Expenses | $122M |
| Operating Expenses | $279M |
| Cost & Expenses | $579M |
| OPERATING INCOME | $161M |
| Interest Income | $693M |
| Interest Expense | $268M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $37M |
| EBIT | $161M |
| EBITDA | $198M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $120M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $127M |
| Other Investing Activities | -$97M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | -$767.0K |
| Common Dividends Paid | -$75M |
| Other Financing Activities | -$183M |
| NET CASH FROM FINANCING | -$274M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | -$132M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $8.5B |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.3B |
| PP&E (Net) | $446M |
| Goodwill | $1.0B |
| Intangible Assets | $652M |
| Long-Term Investments | $35.7B |
| Tax Assets | $362M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $39.8B |
| TOTAL ASSETS | $52.0B |
| Account Payables | $0 |
| Short-Term Debt | $198M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41.5B |
| TOTAL CURRENT LIABILITIES | $41.7B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $909M |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $47.1B |
| Common Stock | $5.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$375M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$456M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $52.0B |
| Total Debt | $4.6B |
| Net Debt | $2.6B |
