| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $864M | $860M | $830M | 0.5% | 4.2% |
| Op. Income | $205M | $185M | $215M | 10.7% | -4.8% |
| Gross Margin | 71.6% | 70.1% | 69.8% | 1.5pp | 1.8pp |
| Net Margin | 15.4% | 14.3% | 16.6% | 1.1pp | -1.1pp |
| EPS (Diluted) | $0.50 | $0.44 | $0.48 | 13.6% | 4.2% |
| Free Cash Flow | $116M | $267M | $192M | -56.4% | -39.4% |
| Item | Amount |
|---|---|
| REVENUE | $864M |
| Cost of Revenue | $245M |
| GROSS PROFIT | $619M |
| R&D Expenses | $114M |
| Selling & Marketing | $155M |
| General & Administrative | $114M |
| SG&A Expenses | $269M |
| Other Expenses | $32M |
| Operating Expenses | $415M |
| Cost & Expenses | $660M |
| OPERATING INCOME | $205M |
| Interest Income | $10M |
| Interest Expense | $40M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $32M |
| EBIT | $215M |
| EBITDA | $247M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $864M |
| Cost of Revenue | $245M |
| GROSS PROFIT | $619M |
| R&D Expenses | $114M |
| Selling & Marketing | $155M |
| General & Administrative | $114M |
| SG&A Expenses | $269M |
| Other Expenses | $32M |
| Operating Expenses | $415M |
| Cost & Expenses | $660M |
| OPERATING INCOME | $205M |
| Interest Income | $10M |
| Interest Expense | $40M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $32M |
| EBIT | $215M |
| EBITDA | $247M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $133M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $70M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$113M |
| OPERATING CASH FLOW | $129M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$199M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$195M |
| FREE CASH FLOW | $116M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $838M |
| Short-Term Investments | $6M |
| Net Receivables | $324M |
| Inventory | $0 |
| Other Current Assets | $118M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $181M |
| Goodwill | $2.3B |
| Intangible Assets | $276M |
| Long-Term Investments | $0 |
| Tax Assets | $235M |
| Other Non-Current Assets | $136M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $187M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $512M |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $293.0K |
| Additional Paid-In Capital | $8.7B |
| Retained Earnings | -$6.9B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$489M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$130M |
| Minority Interest | $128.0K |
| TOTAL EQUITY | -$130M |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $3.8B |
| Net Debt | $3.0B |
