| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $653M | $444M | — | 47.1% | — |
| Op. Income | $230M | $65M | — | 252.0% | — |
| Gross Margin | 99.5% | 100.0% | — | -0.5pp | — |
| Net Margin | 32.0% | 7.4% | — | 24.6pp | — |
| EPS (Diluted) | $0.32 | $0.05 | — | 543.8% | — |
| Free Cash Flow | $53M | $491M | — | -89.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $653M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $650M |
| R&D Expenses | $290M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $130M |
| Operating Expenses | $420M |
| Cost & Expenses | $423M |
| OPERATING INCOME | $230M |
| Interest Income | $33M |
| Interest Expense | $1M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $265M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $8M |
| EBIT | $230M |
| EBITDA | $238M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $653M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $650M |
| R&D Expenses | $290M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $130M |
| Operating Expenses | $420M |
| Cost & Expenses | $423M |
| OPERATING INCOME | $230M |
| Interest Income | $33M |
| Interest Expense | $1M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $265M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $8M |
| EBIT | $230M |
| EBITDA | $238M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $209M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $71M |
| Change in Working Capital | -$257M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$272M |
| NET CASH FROM INVESTING | -$287M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | -$222M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $2.2B |
| Net Receivables | $735M |
| Inventory | $8M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $256M |
| Goodwill | $0 |
| Intangible Assets | $20M |
| Long-Term Investments | $29M |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $349M |
| TOTAL ASSETS | $5.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $299M |
| TOTAL CURRENT LIABILITIES | $312M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $193M |
| TOTAL LIABILITIES | $505M |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $126M |
| Net Debt | -$1.6B |
