| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.1B | $3.6B | 1.2% | 14.7% |
| Op. Income | $833M | $832M | $751M | 0.1% | 10.9% |
| Gross Margin | 24.9% | 26.0% | 26.5% | -1.1pp | -1.6pp |
| Net Margin | 17.5% | 18.0% | 18.6% | -0.4pp | -1.1pp |
| EPS (Diluted) | $16.70 | $16.87 | $16.27 | -1.0% | 2.6% |
| Free Cash Flow | $1.3B | $1.1B | $1.1B | 21.3% | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $173M |
| Operating Expenses | $195M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $833M |
| Interest Income | $9M |
| Interest Expense | $37M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $832M |
| Income Tax Expense | $108M |
| Net Income from Continuing Ops | $724M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $724M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $715M |
| D&A | $0 |
| EBIT | $869M |
| EBITDA | $869M |
| EPS | $17 |
| EPS Diluted | $17 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $173M |
| Operating Expenses | $195M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $833M |
| Interest Income | $9M |
| Interest Expense | $37M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $832M |
| Income Tax Expense | $108M |
| Net Income from Continuing Ops | $724M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $724M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $715M |
| D&A | $0 |
| EBIT | $869M |
| EBITDA | $869M |
| EPS | $17 |
| EPS Diluted | $17 |
| Item | Amount |
|---|---|
| Net Income | $724M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $584M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.6B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$333M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | -$87M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$152M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $15.8B |
| Net Receivables | $8.7B |
| Inventory | $0 |
| Other Current Assets | -$27.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $32.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$32.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $52.6B |
| Account Payables | $869M |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.4B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $38.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $15.6B |
| Treasury Stock | -$4.0B |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.2B |
| TOTAL LIABILITIES & EQUITY | $52.6B |
| Total Debt | $5.7B |
| Net Debt | $4.2B |
