| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $645M | $631M | $565M | 2.2% | 14.2% |
| Op. Income | $157M | $156M | $179M | 0.6% | -12.3% |
| Gross Margin | 59.5% | 62.2% | 69.2% | -2.7pp | -9.7pp |
| Net Margin | 19.1% | 19.3% | 25.1% | -0.3pp | -6.1pp |
| EPS (Diluted) | $0.34 | $0.32 | $0.39 | 6.3% | -12.8% |
| Free Cash Flow | $55M | $216M | $103M | -74.5% | -46.6% |
| Item | Amount |
|---|---|
| REVENUE | $645M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $384M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $131M |
| SG&A Expenses | $135M |
| Other Expenses | $92M |
| Operating Expenses | $227M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $157M |
| Interest Income | $557M |
| Interest Expense | $241M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $18M |
| EBIT | $157M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $645M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $384M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $131M |
| SG&A Expenses | $135M |
| Other Expenses | $92M |
| Operating Expenses | $227M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $157M |
| Interest Income | $557M |
| Interest Expense | $241M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $18M |
| EBIT | $157M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $123M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$61M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$342M |
| Sales/Maturities of Investments | $207M |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $258M |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | $55M |
| Net Change in Cash | $393M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $3.4B |
| Net Receivables | $683M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $489M |
| Goodwill | $2.5B |
| Intangible Assets | $60M |
| Long-Term Investments | $36.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $41.8B |
| TOTAL ASSETS | $47.7B |
| Account Payables | $0 |
| Short-Term Debt | $3.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35.0B |
| TOTAL CURRENT LIABILITIES | $38.5B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $999M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $41.6B |
| Common Stock | $4M |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$181M |
| Accum. Other Comp. Income | -$243M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $47.7B |
| Total Debt | $5.6B |
| Net Debt | $3.8B |
