| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $692M | $686M | $626M | 0.9% | 10.5% |
| Op. Income | $287M | $287M | $230M | 0.0% | 24.8% |
| Gross Margin | 85.5% | 85.1% | 85.6% | 0.4pp | -0.1pp |
| Net Margin | 48.1% | 26.4% | 10.2% | 21.7pp | 37.9pp |
| EPS (Diluted) | $0.56 | $0.31 | $0.11 | 80.6% | 409.1% |
| Free Cash Flow | $59M | $257M | -$115M | -77.0% | 151.3% |
| Item | Amount |
|---|---|
| REVENUE | $692M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $592M |
| R&D Expenses | $66M |
| Selling & Marketing | $150M |
| General & Administrative | $63M |
| SG&A Expenses | $213M |
| Other Expenses | $26M |
| Operating Expenses | $305M |
| Cost & Expenses | $405M |
| OPERATING INCOME | $287M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $146M |
| INCOME BEFORE TAX | $433M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $333M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $333M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $333M |
| D&A | $35M |
| EBIT | $464M |
| EBITDA | $499M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $692M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $592M |
| R&D Expenses | $66M |
| Selling & Marketing | $150M |
| General & Administrative | $63M |
| SG&A Expenses | $213M |
| Other Expenses | $26M |
| Operating Expenses | $305M |
| Cost & Expenses | $405M |
| OPERATING INCOME | $287M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $146M |
| INCOME BEFORE TAX | $433M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $333M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $333M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $333M |
| D&A | $35M |
| EBIT | $464M |
| EBITDA | $499M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $333M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$284M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$40M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $355M |
| NET CASH FROM INVESTING | $314M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$77M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $296M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $15M |
| Net Receivables | $124M |
| Inventory | $0 |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $160M |
| Goodwill | $2.9B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $185M |
| Tax Assets | $341M |
| Other Non-Current Assets | $137M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $81M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $310M |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $54M |
| Deferred Tax Liabilities | $140M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$232M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$232M |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $4.0B |
| Net Debt | $2.4B |
