| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $513M | $517M | $604M | -0.9% | -15.2% |
| Op. Income | $198M | $198M | $243M | 0.2% | -18.3% |
| Gross Margin | 55.3% | 57.0% | 55.6% | -1.7pp | -0.3pp |
| Net Margin | 24.4% | 26.0% | 18.1% | -1.5pp | 6.3pp |
| EPS (Diluted) | $3.25 | $3.47 | $2.46 | -6.3% | 32.1% |
| Free Cash Flow | $88M | $230M | $359M | -61.8% | -75.5% |
| Item | Amount |
|---|---|
| REVENUE | $513M |
| Cost of Revenue | $229M |
| GROSS PROFIT | $284M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $85M |
| Operating Expenses | $85M |
| Cost & Expenses | $314M |
| OPERATING INCOME | $198M |
| Interest Income | $9M |
| Interest Expense | $31M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $16M |
| EBIT | $169M |
| EBITDA | $185M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $513M |
| Cost of Revenue | $229M |
| GROSS PROFIT | $284M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $85M |
| Operating Expenses | $85M |
| Cost & Expenses | $314M |
| OPERATING INCOME | $198M |
| Interest Income | $9M |
| Interest Expense | $31M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $16M |
| EBIT | $169M |
| EBITDA | $185M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $125M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $73M |
| Change in Working Capital | -$124M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$117M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$44M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$104M |
| NET CASH FROM FINANCING | -$148M |
| FREE CASH FLOW | $88M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $786M |
| Short-Term Investments | $444M |
| Net Receivables | $487M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $66M |
| Goodwill | $2.7B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $2.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $251M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $652M |
| Retained Earnings | $6.0B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$161M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $2.8B |
| Net Debt | $2.0B |
