| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $703M | $700M | $634M | 0.4% | 10.9% |
| Op. Income | $106M | $91M | $75M | 16.3% | 42.1% |
| Gross Margin | 77.9% | 77.9% | 80.1% | -0.0pp | -2.2pp |
| Net Margin | 11.6% | 10.3% | 8.9% | 1.2pp | 2.7pp |
| EPS (Diluted) | $1.34 | $1.20 | $0.92 | 11.7% | 45.7% |
| Free Cash Flow | $130M | $145M | $121M | -9.9% | 7.4% |
| Item | Amount |
|---|---|
| REVENUE | $703M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $548M |
| R&D Expenses | $141M |
| Selling & Marketing | $233M |
| General & Administrative | $67M |
| SG&A Expenses | $300M |
| Other Expenses | $0 |
| Operating Expenses | $441M |
| Cost & Expenses | $597M |
| OPERATING INCOME | $106M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $27M |
| EBIT | $106M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $703M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $548M |
| R&D Expenses | $141M |
| Selling & Marketing | $233M |
| General & Administrative | $67M |
| SG&A Expenses | $300M |
| Other Expenses | $0 |
| Operating Expenses | $441M |
| Cost & Expenses | $597M |
| OPERATING INCOME | $106M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $27M |
| EBIT | $106M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | -$9.0K |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $281.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $130M |
| Net Change in Cash | $129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $735M |
| Short-Term Investments | $21M |
| Net Receivables | $825M |
| Inventory | $51M |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $386M |
| Goodwill | $2.3B |
| Intangible Assets | $178M |
| Long-Term Investments | $225M |
| Tax Assets | $235M |
| Other Non-Current Assets | $118M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $70M |
| Short-Term Debt | $43M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $260M |
| Deferred Revenue NC | $636M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | -$187M |
| TOTAL NON-CURRENT LIABILITIES | $972M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $191M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $563M |
| Net Debt | -$171M |
