| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $1.3B | 21.3% | 2.7% |
| Op. Income | $265M | $274M | $276M | -3.5% | -4.3% |
| Gross Margin | 28.4% | 35.1% | 30.0% | -6.7pp | -1.7pp |
| Net Margin | 16.2% | 20.4% | 17.3% | -4.2pp | -1.1pp |
| EPS (Diluted) | $2.24 | $2.28 | $2.26 | -1.8% | -0.9% |
| Free Cash Flow | $309M | $469M | $290M | -34.0% | 6.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $950M |
| GROSS PROFIT | $376M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $112M |
| Operating Expenses | $112M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $265M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $265M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $290M |
| EBITDA | $290M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $950M |
| GROSS PROFIT | $376M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $112M |
| Operating Expenses | $112M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $265M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $265M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $290M |
| EBITDA | $290M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $215M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $112M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $327M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$413M |
| Sales/Maturities of Investments | $268M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$162M |
| Net Debt Issuance | -$87M |
| Common Stock Repurchased | -$90M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$62M |
| NET CASH FROM FINANCING | -$255M |
| FREE CASH FLOW | $309M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $17.1B |
| Net Receivables | $602M |
| Inventory | $0 |
| Other Current Assets | -$17.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $482M |
| Intangible Assets | $0 |
| Long-Term Investments | $17.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$17.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $26.7B |
| Account Payables | $511M |
| Short-Term Debt | $258M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.2B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $22.7B |
| Common Stock | $105M |
| Additional Paid-In Capital | $536M |
| Retained Earnings | $7.3B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $26.7B |
| Total Debt | $2.1B |
| Net Debt | $2.0B |
