| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $581M | $572M | $531M | 1.6% | 9.5% |
| Op. Income | $105M | $94M | $85M | 12.7% | 24.5% |
| Gross Margin | 67.4% | 67.4% | 68.9% | -0.0pp | -1.6pp |
| Net Margin | 15.0% | 13.5% | 12.4% | 1.6pp | 2.7pp |
| EPS (Diluted) | $1.31 | $1.15 | $0.99 | 13.9% | 32.3% |
| Free Cash Flow | $46M | $168M | -$2M | -72.4% | 2074.0% |
| Item | Amount |
|---|---|
| REVENUE | $581M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $391M |
| R&D Expenses | $79M |
| Selling & Marketing | $152M |
| General & Administrative | $55M |
| SG&A Expenses | $207M |
| Other Expenses | $0 |
| Operating Expenses | $286M |
| Cost & Expenses | $476M |
| OPERATING INCOME | $105M |
| Interest Income | $9M |
| Interest Expense | $37.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $42M |
| EBIT | $115M |
| EBITDA | $157M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $581M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $391M |
| R&D Expenses | $79M |
| Selling & Marketing | $152M |
| General & Administrative | $55M |
| SG&A Expenses | $207M |
| Other Expenses | $0 |
| Operating Expenses | $286M |
| Cost & Expenses | $476M |
| OPERATING INCOME | $105M |
| Interest Income | $9M |
| Interest Expense | $37.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $42M |
| EBIT | $115M |
| EBITDA | $157M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$97M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$122M |
| Sales/Maturities of Investments | $108M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $765.0K |
| NET CASH FROM FINANCING | -$66M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $598M |
| Short-Term Investments | $1.1B |
| Net Receivables | $514M |
| Inventory | $0 |
| Other Current Assets | $338M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $271M |
| Goodwill | $1.6B |
| Intangible Assets | $162M |
| Long-Term Investments | $0 |
| Tax Assets | $132M |
| Other Non-Current Assets | $226M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $45M |
| Short-Term Debt | $220M |
| Deferred Revenue | $362M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $456M |
| Deferred Revenue NC | $51M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $648M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $3.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $12M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $785M |
| Net Debt | $187M |
