| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $319M | $304M | $260M | 4.9% | 22.5% |
| Op. Income | $239M | $214M | $209M | 11.9% | 14.3% |
| Gross Margin | 100.1% | 96.7% | 99.5% | 3.4pp | 0.6pp |
| Net Margin | 63.9% | 59.8% | 66.2% | 4.1pp | -2.3pp |
| EPS (Diluted) | $1.91 | $1.70 | $1.61 | 12.4% | 18.6% |
| Free Cash Flow | $188M | $212M | $167M | -11.7% | 12.2% |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | -$334.0K |
| GROSS PROFIT | $319M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $46M |
| Operating Expenses | $80M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $239M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $239M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $1M |
| EBIT | $247M |
| EBITDA | $249M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | -$334.0K |
| GROSS PROFIT | $319M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $46M |
| Operating Expenses | $80M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $239M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $239M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $1M |
| EBIT | $247M |
| EBITDA | $249M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $204M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | $189M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$327M |
| Sales/Maturities of Investments | $229M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $188M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $197M |
| Short-Term Investments | $5.5B |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | -$6.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.7B |
| Account Payables | $0 |
| Short-Term Debt | $422M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$544M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $381M |
| Other Non-Current Liabilities | -$381M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$308M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $422M |
| Net Debt | $225M |
