| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $305M | $294M | $291M | 3.7% | 5.0% |
| Op. Income | $260M | $220M | $242M | 18.2% | 7.2% |
| Gross Margin | 105.3% | 97.8% | 105.2% | 7.5pp | 0.1pp |
| Net Margin | 66.9% | 59.1% | 65.7% | 7.8pp | 1.2pp |
| EPS (Diluted) | $0.77 | $0.64 | $0.66 | 20.3% | 16.7% |
| Free Cash Flow | $169M | $191M | $144M | -11.3% | 17.0% |
| Item | Amount |
|---|---|
| REVENUE | $305M |
| Cost of Revenue | -$16M |
| GROSS PROFIT | $321M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $62M |
| Operating Expenses | $62M |
| Cost & Expenses | $45M |
| OPERATING INCOME | $260M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $4M |
| EBIT | $269M |
| EBITDA | $273M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $305M |
| Cost of Revenue | -$16M |
| GROSS PROFIT | $321M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $62M |
| Operating Expenses | $62M |
| Cost & Expenses | $45M |
| OPERATING INCOME | $260M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $4M |
| EBIT | $269M |
| EBITDA | $273M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $204M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $276.0K |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $169M |
| Capital Expenditure | -$279.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$410M |
| Sales/Maturities of Investments | $276M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$134M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$156M |
| Common Dividends Paid | -$31M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$187M |
| FREE CASH FLOW | $169M |
| Net Change in Cash | -$152M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $282M |
| Short-Term Investments | $5.8B |
| Net Receivables | $100M |
| Inventory | $0 |
| Other Current Assets | -$6.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $37M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $5.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $669M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $644M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$644M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $4.9B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$333M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $644M |
| Net Debt | $362M |
