| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.4B | $1.8B | 8.0% | 41.0% |
| Op. Income | $344M | $392M | $662M | -12.2% | -48.0% |
| Gross Margin | 53.5% | 63.8% | 92.3% | -10.3pp | -38.8pp |
| Net Margin | 11.1% | 13.1% | 29.1% | -1.9pp | -18.0pp |
| EPS (Diluted) | $0.27 | $0.30 | $0.54 | -10.0% | -50.0% |
| Free Cash Flow | $532M | $694M | -$114M | -23.3% | 566.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $643M |
| SG&A Expenses | $672M |
| Other Expenses | $363M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $344M |
| Interest Income | $2.0B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $344M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $286M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $41M |
| EBIT | $344M |
| EBITDA | $385M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $643M |
| SG&A Expenses | $672M |
| Other Expenses | $363M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $344M |
| Interest Income | $2.0B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $344M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $286M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $41M |
| EBIT | $344M |
| EBITDA | $385M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $287M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$46M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $276M |
| OPERATING CASH FLOW | $582M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$526M |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | $1.0B |
| NET CASH FROM INVESTING | $1.9B |
| Net Debt Issuance | -$3.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$228M |
| Other Financing Activities | $984M |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | $532M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $758M |
| Short-Term Investments | $12.3B |
| Net Receivables | $3.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.8B |
| PP&E (Net) | $652M |
| Goodwill | $2.8B |
| Intangible Assets | $75M |
| Long-Term Investments | $160.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.2B |
| TOTAL NON-CURRENT ASSETS | $178.2B |
| TOTAL ASSETS | $195.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $145.1B |
| TOTAL CURRENT LIABILITIES | $152.2B |
| Long-Term Debt | $29.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $29.0B |
| TOTAL LIABILITIES | $181.2B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $15.8B |
| Treasury Stock | -$5.9B |
| Accum. Other Comp. Income | -$6.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.8B |
| TOTAL LIABILITIES & EQUITY | $195.0B |
| Total Debt | $30.7B |
| Net Debt | $30.0B |
