| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $748M | $707M | $692M | 5.8% | 8.1% |
| Op. Income | $241M | $261M | $287M | -7.7% | -16.0% |
| Gross Margin | 84.1% | 85.6% | 85.5% | -1.5pp | -1.5pp |
| Net Margin | 9.2% | 28.3% | 48.1% | -19.1pp | -38.9pp |
| EPS (Diluted) | $0.12 | $0.33 | $0.56 | -63.6% | -78.6% |
| Free Cash Flow | -$90M | $213M | $59M | -142.3% | -252.5% |
| Item | Amount |
|---|---|
| REVENUE | $748M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $629M |
| R&D Expenses | $73M |
| Selling & Marketing | $167M |
| General & Administrative | $110M |
| SG&A Expenses | $277M |
| Other Expenses | $38M |
| Operating Expenses | $388M |
| Cost & Expenses | $507M |
| OPERATING INCOME | $241M |
| Interest Income | $3M |
| Interest Expense | $48M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $49M |
| EBIT | $243M |
| EBITDA | $292M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $748M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $629M |
| R&D Expenses | $73M |
| Selling & Marketing | $167M |
| General & Administrative | $110M |
| SG&A Expenses | $277M |
| Other Expenses | $38M |
| Operating Expenses | $388M |
| Cost & Expenses | $507M |
| OPERATING INCOME | $241M |
| Interest Income | $3M |
| Interest Expense | $48M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $49M |
| EBIT | $243M |
| EBITDA | $292M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$208M |
| OPERATING CASH FLOW | -$88M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$6.5B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$6.5B |
| Net Debt Issuance | $6.6B |
| Common Stock Repurchased | -$104M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6.5B |
| FREE CASH FLOW | -$90M |
| Net Change in Cash | -$196M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $177M |
| Inventory | $0 |
| Other Current Assets | $223M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $158M |
| Goodwill | $10.1B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $182M |
| Tax Assets | $346M |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $14.3B |
| TOTAL ASSETS | $15.9B |
| Account Payables | $66M |
| Short-Term Debt | $199M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $620M |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $9.9B |
| Deferred Revenue NC | $87M |
| Deferred Tax Liabilities | $392M |
| Other Non-Current Liabilities | $956M |
| TOTAL NON-CURRENT LIABILITIES | $11.4B |
| TOTAL LIABILITIES | $14.2B |
| Common Stock | $3.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $15.9B |
| Total Debt | $10.1B |
| Net Debt | $9.0B |
