| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.4B | -3.4% | -12.5% |
| Op. Income | $177M | $221M | $354M | -19.9% | -50.0% |
| Gross Margin | 62.7% | 64.6% | 65.4% | -1.8pp | -2.6pp |
| Net Margin | 10.4% | 13.7% | 20.4% | -3.3pp | -10.0pp |
| EPS (Diluted) | $0.72 | $0.98 | $1.58 | -26.5% | -54.4% |
| Free Cash Flow | $74M | $281M | $370M | -73.7% | -80.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $453M |
| GROSS PROFIT | $763M |
| R&D Expenses | $228M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $361M |
| Other Expenses | -$3M |
| Operating Expenses | $586M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $177M |
| Interest Income | $18M |
| Interest Expense | $20M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $70M |
| EBIT | $195M |
| EBITDA | $265M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $453M |
| GROSS PROFIT | $763M |
| R&D Expenses | $228M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $361M |
| Other Expenses | -$3M |
| Operating Expenses | $586M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $177M |
| Interest Income | $18M |
| Interest Expense | $20M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $70M |
| EBIT | $195M |
| EBITDA | $265M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $126M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$114M |
| OPERATING CASH FLOW | $110M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | -$78M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$11M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$120M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$46M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | -$91M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $809M |
| Inventory | $1.0B |
| Other Current Assets | $169M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $1.0B |
| Goodwill | $2.3B |
| Intangible Assets | $609M |
| Long-Term Investments | $102M |
| Tax Assets | $668M |
| Other Non-Current Assets | $351M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $268M |
| Short-Term Debt | $600M |
| Deferred Revenue | $578M |
| Other Current Liabilities | $309M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $211M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $484M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $5.9B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$469M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $2.0B |
| Net Debt | $382M |
