| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $948M | $901M | $861M | 5.2% | 10.1% |
| Op. Income | $413M | $375M | $370M | 10.0% | 11.4% |
| Gross Margin | 78.4% | 77.3% | 78.5% | 1.1pp | -0.1pp |
| Net Margin | 25.3% | 23.8% | 30.4% | 1.4pp | -5.2pp |
| EPS (Diluted) | $3.20 | $2.88 | $3.35 | 11.1% | -4.5% |
| Free Cash Flow | $179M | $841M | $119M | -78.7% | 50.7% |
| Item | Amount |
|---|---|
| REVENUE | $948M |
| Cost of Revenue | $205M |
| GROSS PROFIT | $743M |
| R&D Expenses | $0 |
| Selling & Marketing | $86M |
| General & Administrative | $159M |
| SG&A Expenses | $246M |
| Other Expenses | $84M |
| Operating Expenses | $330M |
| Cost & Expenses | $536M |
| OPERATING INCOME | $413M |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $327M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $240M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $240M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $240M |
| D&A | $84M |
| EBIT | $415M |
| EBITDA | $499M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $948M |
| Cost of Revenue | $205M |
| GROSS PROFIT | $743M |
| R&D Expenses | $0 |
| Selling & Marketing | $86M |
| General & Administrative | $159M |
| SG&A Expenses | $246M |
| Other Expenses | $84M |
| Operating Expenses | $330M |
| Cost & Expenses | $536M |
| OPERATING INCOME | $413M |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $327M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $240M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $240M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $240M |
| D&A | $84M |
| EBIT | $415M |
| EBITDA | $499M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $240M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$163M |
| OPERATING CASH FLOW | $221M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | -$3.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $179M |
| Net Change in Cash | $164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $2.5B |
| Inventory | $0 |
| Other Current Assets | $3.2B |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $329M |
| Goodwill | $5.5B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $70M |
| Tax Assets | $0 |
| Other Non-Current Assets | $276M |
| TOTAL NON-CURRENT ASSETS | $8.3B |
| TOTAL ASSETS | $15.2B |
| Account Payables | $1.7B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $279M |
| TOTAL CURRENT LIABILITIES | $6.4B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $539M |
| Other Non-Current Liabilities | $262M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $128.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $7.7B |
| Treasury Stock | -$6.2B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $15.2B |
| Total Debt | $6.7B |
| Net Debt | $5.5B |
