| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.3B | 1.7% | 8.6% |
| Op. Income | $322M | $315M | $265M | 2.3% | 21.9% |
| Gross Margin | 31.4% | 47.7% | 28.4% | -16.2pp | 3.1pp |
| Net Margin | 17.9% | 18.0% | 16.2% | -0.0pp | 1.7pp |
| EPS (Diluted) | $2.83 | $2.67 | $2.24 | 6.0% | 26.3% |
| Free Cash Flow | $356M | $342M | $309M | 4.3% | 15.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $987M |
| GROSS PROFIT | $453M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $131M |
| Operating Expenses | $131M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $322M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $322M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $258M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $0 |
| EBIT | $354M |
| EBITDA | $354M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $987M |
| GROSS PROFIT | $453M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $131M |
| Operating Expenses | $131M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $322M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $322M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $258M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $0 |
| EBIT | $354M |
| EBITDA | $354M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $258M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $116M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $374M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$394M |
| Sales/Maturities of Investments | $517M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $105M |
| Net Debt Issuance | -$79M |
| Common Stock Repurchased | -$336M |
| Common Dividends Paid | -$23M |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | -$477M |
| FREE CASH FLOW | $356M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $17.7B |
| Net Receivables | $648M |
| Inventory | $0 |
| Other Current Assets | -$18.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $482M |
| Intangible Assets | $0 |
| Long-Term Investments | $17.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$18.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $28.3B |
| Account Payables | $526M |
| Short-Term Debt | $655M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.9B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.6B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $23.1B |
| Common Stock | $102M |
| Additional Paid-In Capital | $534M |
| Retained Earnings | $7.9B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$2.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $28.3B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
