| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.6B | 4.5% | 6.2% |
| Op. Income | $282M | $255M | $294M | 10.6% | -4.1% |
| Gross Margin | 65.4% | 65.7% | 67.6% | -0.3pp | -2.3pp |
| Net Margin | 45.1% | 13.4% | 14.3% | 31.7pp | 30.8pp |
| EPS (Diluted) | $3.41 | $0.96 | $0.98 | 255.2% | 248.0% |
| Free Cash Flow | $137M | $216M | $252M | -36.6% | -45.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $576M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $243M |
| Selling & Marketing | $479M |
| General & Administrative | $67M |
| SG&A Expenses | $546M |
| Other Expenses | $16M |
| Operating Expenses | $805M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $282M |
| Interest Income | $14M |
| Interest Expense | $17M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $305M |
| Income Tax Expense | -$445M |
| Net Income from Continuing Ops | $750M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $750M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $750M |
| D&A | $72M |
| EBIT | $322M |
| EBITDA | $394M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $576M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $243M |
| Selling & Marketing | $479M |
| General & Administrative | $67M |
| SG&A Expenses | $546M |
| Other Expenses | $16M |
| Operating Expenses | $805M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $282M |
| Interest Income | $14M |
| Interest Expense | $17M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $305M |
| Income Tax Expense | -$445M |
| Net Income from Continuing Ops | $750M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $750M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $750M |
| D&A | $72M |
| EBIT | $322M |
| EBITDA | $394M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $750M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | -$555M |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | $214M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$287M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$288M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$108M |
| Other Financing Activities | -$262M |
| NET CASH FROM FINANCING | -$520M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | -$619M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $364M |
| Net Receivables | $910M |
| Inventory | $244M |
| Other Current Assets | $416M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $959M |
| Goodwill | $2.8B |
| Intangible Assets | $215M |
| Long-Term Investments | $0 |
| Tax Assets | $930M |
| Other Non-Current Assets | $306M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $584M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $772M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $2.1B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $476M |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $765M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $499M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$62M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $2.7B |
| Net Debt | $26M |
