| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.3B | 9.0% | 14.1% |
| Op. Income | $342M | $298M | $284M | 14.6% | 20.3% |
| Gross Margin | 57.3% | 58.1% | 57.5% | -0.8pp | -0.2pp |
| Net Margin | 20.0% | 20.0% | 21.8% | -0.0pp | -1.8pp |
| EPS (Diluted) | $1.56 | $1.43 | $1.50 | 9.1% | 4.0% |
| Free Cash Flow | $218M | $402M | $221M | -45.7% | -1.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $644M |
| GROSS PROFIT | $863M |
| R&D Expenses | $243M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $278M |
| Other Expenses | -$513.0K |
| Operating Expenses | $521M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $342M |
| Interest Income | $29M |
| Interest Expense | $0 |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $366M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $301M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $301M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $301M |
| D&A | $44M |
| EBIT | $342M |
| EBITDA | $386M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $644M |
| GROSS PROFIT | $863M |
| R&D Expenses | $243M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $278M |
| Other Expenses | -$513.0K |
| Operating Expenses | $521M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $342M |
| Interest Income | $29M |
| Interest Expense | $0 |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $366M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $301M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $301M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $301M |
| D&A | $44M |
| EBIT | $342M |
| EBITDA | $386M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $301M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $360.0K |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | $255M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$196M |
| Sales/Maturities of Investments | $127M |
| Other Investing Activities | -$98.0K |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$144M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$129M |
| FREE CASH FLOW | $218M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $289M |
| Net Receivables | $808M |
| Inventory | $1.3B |
| Other Current Assets | $343M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $1.3B |
| Goodwill | $600M |
| Intangible Assets | $168M |
| Long-Term Investments | $1.2B |
| Tax Assets | $777M |
| Other Non-Current Assets | $133M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $332M |
| Short-Term Debt | $0 |
| Deferred Revenue | $106M |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $254M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $19M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $5.2B |
| Treasury Stock | -$224M |
| Accum. Other Comp. Income | -$138M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $102M |
| Net Debt | -$1.8B |
