| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $750M | $694M | $544M | 8.1% | 37.8% |
| Op. Income | $186M | $156M | $101M | 19.2% | 84.5% |
| Gross Margin | 47.3% | 46.4% | 45.3% | 0.9pp | 2.1pp |
| Net Margin | 19.5% | 17.6% | 13.5% | 1.9pp | 5.9pp |
| EPS (Diluted) | $2.63 | $2.20 | $1.33 | 19.5% | 97.7% |
| Free Cash Flow | $149M | $100M | $118M | 48.3% | 26.1% |
| Item | Amount |
|---|---|
| REVENUE | $750M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $355M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $97M |
| Other Expenses | $22M |
| Operating Expenses | $169M |
| Cost & Expenses | $564M |
| OPERATING INCOME | $186M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $25M |
| EBIT | $178M |
| EBITDA | $203M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $750M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $355M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $97M |
| Other Expenses | $22M |
| Operating Expenses | $169M |
| Cost & Expenses | $564M |
| OPERATING INCOME | $186M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $25M |
| EBIT | $178M |
| EBITDA | $203M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $147M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $200.0K |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$211M |
| Sales/Maturities of Investments | $137M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $149M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $755M |
| Short-Term Investments | $284M |
| Net Receivables | $432M |
| Inventory | $527M |
| Other Current Assets | $124M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $483M |
| Goodwill | $1.1B |
| Intangible Assets | $486M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $148M |
| Short-Term Debt | $9M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $192M |
| TOTAL CURRENT LIABILITIES | $420M |
| Long-Term Debt | $812M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $72M |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $884M |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $1.0B |
| Net Debt | $270M |
