| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $708M | $680M | $621M | 4.1% | 14.0% |
| Op. Income | $383M | $339M | $346M | 12.7% | 10.6% |
| Gross Margin | 81.9% | 81.1% | 82.3% | 0.8pp | -0.4pp |
| Net Margin | 37.7% | 37.6% | 39.7% | 0.0pp | -2.1pp |
| EPS (Diluted) | $3.37 | $3.22 | $3.09 | 4.7% | 9.1% |
| Free Cash Flow | $322M | $276M | $265M | 16.7% | 21.3% |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $580M |
| R&D Expenses | $41M |
| Selling & Marketing | $71M |
| General & Administrative | $40M |
| SG&A Expenses | $111M |
| Other Expenses | $45M |
| Operating Expenses | $197M |
| Cost & Expenses | $325M |
| OPERATING INCOME | $383M |
| Interest Income | $6M |
| Interest Expense | $47M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $340M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $267M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $267M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $267M |
| D&A | $51M |
| EBIT | $387M |
| EBITDA | $438M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $580M |
| R&D Expenses | $41M |
| Selling & Marketing | $71M |
| General & Administrative | $40M |
| SG&A Expenses | $111M |
| Other Expenses | $45M |
| Operating Expenses | $197M |
| Cost & Expenses | $325M |
| OPERATING INCOME | $383M |
| Interest Income | $6M |
| Interest Expense | $47M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $340M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $267M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $267M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $267M |
| D&A | $51M |
| EBIT | $387M |
| EBITDA | $438M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $267M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $50M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $349M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$153.0K |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$242M |
| Common Dividends Paid | -$127M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$369M |
| FREE CASH FLOW | $322M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $448M |
| Short-Term Investments | $0 |
| Net Receivables | $709M |
| Inventory | $0 |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $194M |
| Goodwill | $2.9B |
| Intangible Assets | $949M |
| Long-Term Investments | $0 |
| Tax Assets | $40M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $13M |
| Short-Term Debt | $25M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $105M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $70M |
| Other Non-Current Liabilities | $79M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$6.8B |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$734M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$734M |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $4.7B |
| Net Debt | $4.2B |
