| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.4B | 6.7% | 9.2% |
| Op. Income | $283M | $408M | $297M | -30.6% | -4.7% |
| Gross Margin | 67.6% | 69.1% | 69.2% | -1.5pp | -1.6pp |
| Net Margin | 13.2% | 21.0% | 14.9% | -7.8pp | -1.7pp |
| EPS (Diluted) | $2.48 | $3.68 | $2.53 | -32.6% | -2.0% |
| Free Cash Flow | $410M | $144M | $395M | 185.7% | 4.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $487M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $680M |
| Other Expenses | $52M |
| Operating Expenses | $733M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $283M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $47M |
| EBIT | $289M |
| EBITDA | $335M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $487M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $680M |
| Other Expenses | $52M |
| Operating Expenses | $733M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $283M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $47M |
| EBIT | $289M |
| EBITDA | $335M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $198M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$91M |
| Change in Working Capital | $258M |
| OPERATING CASH FLOW | $436M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$132M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$127M |
| FREE CASH FLOW | $410M |
| Net Change in Cash | $279M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $455M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $657M |
| Goodwill | $2.9B |
| Intangible Assets | $548M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $320M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $724M |
| Short-Term Debt | $114M |
| Deferred Revenue | $2.5B |
| Other Current Liabilities | $262.0K |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $395M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $82.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$5.9B |
| Accum. Other Comp. Income | -$85M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $587M |
| Minority Interest | $0 |
| TOTAL EQUITY | $587M |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $3.1B |
| Net Debt | $1.9B |
