| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | 3.2% | 6.8% |
| Op. Income | $182M | $150M | $164M | 21.5% | 11.4% |
| Gross Margin | 35.0% | 36.2% | 35.3% | -1.2pp | -0.3pp |
| Net Margin | 12.2% | 10.9% | 13.8% | 1.3pp | -1.6pp |
| EPS (Diluted) | $1.23 | $1.07 | $1.30 | 15.0% | -5.4% |
| Free Cash Flow | $259M | $50M | $122M | 423.7% | 113.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $795M |
| GROSS PROFIT | $428M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $143M |
| Other Expenses | $13M |
| Operating Expenses | $246M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $182M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | -$12.0K |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $42M |
| EBIT | $182M |
| EBITDA | $224M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $795M |
| GROSS PROFIT | $428M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $143M |
| Other Expenses | $13M |
| Operating Expenses | $246M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $182M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | -$12.0K |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $42M |
| EBIT | $182M |
| EBITDA | $224M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $150M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $294M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$106M |
| Common Dividends Paid | -$48M |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | -$133M |
| FREE CASH FLOW | $259M |
| Net Change in Cash | $131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $623M |
| Short-Term Investments | $238M |
| Net Receivables | $991M |
| Inventory | $0 |
| Other Current Assets | $252M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $955M |
| Goodwill | $2.7B |
| Intangible Assets | $135M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $606M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $212M |
| Short-Term Debt | $0 |
| Deferred Revenue | $352M |
| Other Current Liabilities | $423M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $645M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $260M |
| Other Non-Current Liabilities | $484M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $5M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $6.4B |
| Treasury Stock | -$6.9B |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $43M |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $804M |
| Net Debt | $180M |
