| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $681M | $693M | $703M | -1.6% | -3.1% |
| Op. Income | $140M | $165M | $106M | -14.9% | 32.0% |
| Gross Margin | 79.3% | 80.3% | 77.9% | -1.0pp | 1.4pp |
| Net Margin | 17.5% | 20.0% | 11.6% | -2.5pp | 5.9pp |
| EPS (Diluted) | $2.00 | $2.32 | $1.34 | -13.8% | 49.3% |
| Free Cash Flow | $212M | $156M | $130M | 35.8% | 62.9% |
| Item | Amount |
|---|---|
| REVENUE | $681M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $540M |
| R&D Expenses | $122M |
| Selling & Marketing | $211M |
| General & Administrative | $67M |
| SG&A Expenses | $278M |
| Other Expenses | $90.0K |
| Operating Expenses | $400M |
| Cost & Expenses | $541M |
| OPERATING INCOME | $140M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $28M |
| EBIT | $140M |
| EBITDA | $168M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $681M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $540M |
| R&D Expenses | $122M |
| Selling & Marketing | $211M |
| General & Administrative | $67M |
| SG&A Expenses | $278M |
| Other Expenses | $90.0K |
| Operating Expenses | $400M |
| Cost & Expenses | $541M |
| OPERATING INCOME | $140M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $28M |
| EBIT | $140M |
| EBITDA | $168M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$33M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $212M |
| Net Change in Cash | $80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $903M |
| Short-Term Investments | $802.0K |
| Net Receivables | $768M |
| Inventory | $75M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $350M |
| Goodwill | $2.3B |
| Intangible Assets | $132M |
| Long-Term Investments | $229M |
| Tax Assets | $325M |
| Other Non-Current Assets | $114M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $58M |
| Short-Term Debt | $38M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $228M |
| Deferred Revenue NC | $634M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | -$147M |
| TOTAL NON-CURRENT LIABILITIES | $949M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $19M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $495M |
| Net Debt | -$407M |
