| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $291M | $284M | $293M | 2.4% | -0.8% |
| Op. Income | $242M | $196M | $316M | 23.9% | -23.3% |
| Gross Margin | 105.2% | 96.9% | 132.8% | 8.3pp | -27.6pp |
| Net Margin | 65.7% | 54.4% | 85.0% | 11.3pp | -19.3pp |
| EPS (Diluted) | $0.66 | $0.52 | $0.79 | 26.9% | -16.5% |
| Free Cash Flow | $144M | $212M | $132M | -31.9% | 9.0% |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | -$15M |
| GROSS PROFIT | $306M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $63M |
| Operating Expenses | $63M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $242M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | -$375.0K |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $9M |
| EBIT | $252M |
| EBITDA | $261M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | -$15M |
| GROSS PROFIT | $306M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $63M |
| Operating Expenses | $63M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $242M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | -$375.0K |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $9M |
| EBIT | $252M |
| EBITDA | $261M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $191M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $145M |
| Capital Expenditure | -$308.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$602M |
| Sales/Maturities of Investments | $510M |
| Other Investing Activities | $142.0K |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$74M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$103M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $311M |
| Short-Term Investments | $5.6B |
| Net Receivables | $92M |
| Inventory | $0 |
| Other Current Assets | -$6.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $40M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $664M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$664M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$425M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $664M |
| Net Debt | $353M |
