| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $974M | 1.6% | 13.6% |
| Op. Income | $364M | $372M | $358M | -2.1% | 1.9% |
| Gross Margin | 53.2% | 55.6% | 62.5% | -2.4pp | -9.3pp |
| Net Margin | 26.0% | 26.2% | 32.0% | -0.1pp | -6.0pp |
| EPS (Diluted) | $2.06 | $2.03 | $2.20 | 1.5% | -6.4% |
| Free Cash Flow | $259M | $266M | $257M | -2.7% | 0.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $518M |
| GROSS PROFIT | $589M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $144M |
| SG&A Expenses | $144M |
| Other Expenses | $80M |
| Operating Expenses | $224M |
| Cost & Expenses | $743M |
| OPERATING INCOME | $364M |
| Interest Income | $1.0B |
| Interest Expense | $481M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $288M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $288M |
| D&A | $49M |
| EBIT | $364M |
| EBITDA | $413M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $518M |
| GROSS PROFIT | $589M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $144M |
| SG&A Expenses | $144M |
| Other Expenses | $80M |
| Operating Expenses | $224M |
| Cost & Expenses | $743M |
| OPERATING INCOME | $364M |
| Interest Income | $1.0B |
| Interest Expense | $481M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $288M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $288M |
| D&A | $49M |
| EBIT | $364M |
| EBITDA | $413M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $288M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$128M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $963M |
| Other Investing Activities | -$859M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$77M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | $259M |
| Net Change in Cash | $155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.4B |
| Short-Term Investments | $8.9B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.3B |
| PP&E (Net) | $164M |
| Goodwill | $466M |
| Intangible Assets | $0 |
| Long-Term Investments | $56.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $59.2B |
| TOTAL ASSETS | $72.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $60.0B |
| TOTAL CURRENT LIABILITIES | $60.1B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $65.3B |
| Common Stock | $170.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $6.9B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$654M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $72.5B |
| Total Debt | $3.6B |
| Net Debt | -$764M |
