| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $384M | $461M | $340M | -16.6% | 13.0% |
| Op. Income | $129M | $151M | $83M | -14.4% | 55.6% |
| Gross Margin | 52.5% | 48.4% | 43.7% | 4.1pp | 8.8pp |
| Net Margin | 30.2% | 29.0% | 21.0% | 1.2pp | 9.2pp |
| EPS (Diluted) | $1.86 | $2.11 | $1.13 | -11.8% | 64.6% |
| Free Cash Flow | $70M | $93M | $23M | -24.7% | 204.1% |
| Item | Amount |
|---|---|
| REVENUE | $384M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $202M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $255M |
| OPERATING INCOME | $129M |
| Interest Income | $470.0K |
| Interest Expense | $97.0K |
| Other Income/Expenses | $373.0K |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $5M |
| EBIT | $130M |
| EBITDA | $135M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $384M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $202M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $255M |
| OPERATING INCOME | $129M |
| Interest Income | $470.0K |
| Interest Expense | $97.0K |
| Other Income/Expenses | $373.0K |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $5M |
| EBIT | $130M |
| EBITDA | $135M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $658.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$230M |
| Sales/Maturities of Investments | $367M |
| Other Investing Activities | $119.0K |
| NET CASH FROM INVESTING | $134M |
| Net Debt Issuance | -$124.0K |
| Common Stock Repurchased | -$176M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$187M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $460M |
| Short-Term Investments | $230M |
| Net Receivables | $368M |
| Inventory | $212M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $105M |
| Goodwill | $71M |
| Intangible Assets | $38M |
| Long-Term Investments | $6M |
| Tax Assets | $13M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $237M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $100M |
| Short-Term Debt | $0 |
| Deferred Revenue | $76M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $275M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $147M |
| TOTAL LIABILITIES | $422M |
| Common Stock | $523M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | -$555M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $40M |
| Net Debt | -$421M |
