| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $528M | $511M | $461M | 3.3% | 14.6% |
| Op. Income | $105M | $104M | $78M | 1.0% | 34.1% |
| Gross Margin | 29.1% | 30.4% | 27.0% | -1.2pp | 2.2pp |
| Net Margin | 16.7% | 20.1% | 13.3% | -3.3pp | 3.5pp |
| EPS (Diluted) | $2.75 | $3.20 | $1.93 | -14.1% | 42.5% |
| Free Cash Flow | $104M | $147M | $74M | -29.7% | 39.8% |
| Item | Amount |
|---|---|
| REVENUE | $528M |
| Cost of Revenue | $374M |
| GROSS PROFIT | $154M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $7M |
| Operating Expenses | $49M |
| Cost & Expenses | $423M |
| OPERATING INCOME | $105M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $7M |
| EBIT | $105M |
| EBITDA | $112M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $528M |
| Cost of Revenue | $374M |
| GROSS PROFIT | $154M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $7M |
| Operating Expenses | $49M |
| Cost & Expenses | $423M |
| OPERATING INCOME | $105M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $7M |
| EBIT | $105M |
| EBITDA | $112M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $88M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$54.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $116M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $81.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $666.0K |
| NET CASH FROM FINANCING | $666.0K |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $511M |
| Short-Term Investments | $0 |
| Net Receivables | $301M |
| Inventory | $0 |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $873M |
| PP&E (Net) | $256M |
| Goodwill | $662M |
| Intangible Assets | $35M |
| Long-Term Investments | $0 |
| Tax Assets | $75M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $638M |
| Other Current Liabilities | $99M |
| TOTAL CURRENT LIABILITIES | $993M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $163M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $310.0K |
| Additional Paid-In Capital | $819M |
| Retained Earnings | -$31M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $764M |
| Minority Interest | $0 |
| TOTAL EQUITY | $764M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $132M |
| Net Debt | -$379M |
