| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $634M | $687M | $645M | -7.7% | -1.7% |
| Op. Income | $75M | $114M | $54M | -34.6% | 39.5% |
| Gross Margin | 80.1% | 80.3% | 80.1% | -0.3pp | 0.0pp |
| Net Margin | 8.9% | 13.6% | 6.7% | -4.7pp | 2.2pp |
| EPS (Diluted) | $0.92 | $1.51 | $0.70 | -39.1% | 31.4% |
| Free Cash Flow | $121M | $80M | $119M | 52.0% | 1.8% |
| Item | Amount |
|---|---|
| REVENUE | $634M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $508M |
| R&D Expenses | $136M |
| Selling & Marketing | $229M |
| General & Administrative | $69M |
| SG&A Expenses | $297M |
| Other Expenses | $0 |
| Operating Expenses | $433M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $30M |
| EBIT | $75M |
| EBITDA | $104M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $634M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $508M |
| R&D Expenses | $136M |
| Selling & Marketing | $229M |
| General & Administrative | $69M |
| SG&A Expenses | $297M |
| Other Expenses | $0 |
| Operating Expenses | $433M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $30M |
| EBIT | $75M |
| EBITDA | $104M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $56M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $127M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $103M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $80M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$132M |
| FREE CASH FLOW | $121M |
| Net Change in Cash | $74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $587M |
| Short-Term Investments | $301M |
| Net Receivables | $665M |
| Inventory | $28M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $406M |
| Goodwill | $2.3B |
| Intangible Assets | $225M |
| Long-Term Investments | $215M |
| Tax Assets | $158M |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $69M |
| Short-Term Debt | $405M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $276M |
| Deferred Revenue NC | $556M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | -$205M |
| TOTAL NON-CURRENT LIABILITIES | $907M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $82M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $958M |
| Net Debt | $372M |
