| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.6B | $2.6B | 1.5% | 3.9% |
| Op. Income | $335M | $278M | $344M | 20.5% | -2.6% |
| Gross Margin | 51.4% | 52.3% | 53.5% | -0.9pp | -2.1pp |
| Net Margin | 10.2% | 8.3% | 11.1% | 1.9pp | -0.9pp |
| EPS (Diluted) | $0.25 | $0.20 | $0.27 | 25.0% | -7.4% |
| Free Cash Flow | -$230M | $347M | $532M | -166.3% | -143.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $653M |
| SG&A Expenses | $674M |
| Other Expenses | $368M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $335M |
| Interest Income | $2.1B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $274M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $238M |
| D&A | $25M |
| EBIT | $335M |
| EBITDA | $360M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $653M |
| SG&A Expenses | $674M |
| Other Expenses | $368M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $335M |
| Interest Income | $2.1B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $274M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $238M |
| D&A | $25M |
| EBIT | $335M |
| EBITDA | $360M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $274M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$63M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$481M |
| OPERATING CASH FLOW | -$217M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.5B |
| Sales/Maturities of Investments | $2.4B |
| Other Investing Activities | $2.8B |
| NET CASH FROM INVESTING | $658M |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$230M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | -$362M |
| FREE CASH FLOW | -$230M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $22.3B |
| Net Receivables | $3.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $26.7B |
| PP&E (Net) | $631M |
| Goodwill | $2.8B |
| Intangible Assets | $41M |
| Long-Term Investments | $143.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.1B |
| TOTAL NON-CURRENT ASSETS | $160.8B |
| TOTAL ASSETS | $187.4B |
| Account Payables | $0 |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $145.7B |
| TOTAL CURRENT LIABILITIES | $145.7B |
| Long-Term Debt | $22.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $26.9B |
| TOTAL LIABILITIES | $172.7B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $15.7B |
| Treasury Stock | -$5.7B |
| Accum. Other Comp. Income | -$5.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.8B |
| TOTAL LIABILITIES & EQUITY | $187.4B |
| Total Debt | $22.2B |
| Net Debt | $20.9B |
