| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.4B | $1.7B | 9.1% | -6.1% |
| Op. Income | $304M | $178M | $282M | 70.8% | 7.8% |
| Gross Margin | 71.1% | 69.6% | 65.4% | 1.5pp | 5.7pp |
| Net Margin | 14.9% | 10.4% | 45.1% | 4.5pp | -30.2pp |
| EPS (Diluted) | $1.10 | $0.69 | $3.41 | 59.4% | -67.7% |
| Free Cash Flow | $97M | $418M | $137M | -76.8% | -29.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $452M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $262M |
| Selling & Marketing | $461M |
| General & Administrative | $75M |
| SG&A Expenses | $536M |
| Other Expenses | $8M |
| Operating Expenses | $806M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $304M |
| Interest Income | $25M |
| Interest Expense | $15M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $315M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $233M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $233M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $233M |
| D&A | $53M |
| EBIT | $330M |
| EBITDA | $383M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $452M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $262M |
| Selling & Marketing | $461M |
| General & Administrative | $75M |
| SG&A Expenses | $536M |
| Other Expenses | $8M |
| Operating Expenses | $806M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $304M |
| Interest Income | $25M |
| Interest Expense | $15M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $315M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $233M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $233M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $233M |
| D&A | $53M |
| EBIT | $330M |
| EBITDA | $383M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $233M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$235M |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | -$553M |
| Purchases of Investments | $264M |
| Sales/Maturities of Investments | $553M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $227M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$103M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$421M |
| FREE CASH FLOW | $97M |
| Net Change in Cash | -$85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $686M |
| Net Receivables | $787M |
| Inventory | $122M |
| Other Current Assets | $464M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $883M |
| Goodwill | $2.8B |
| Intangible Assets | $152M |
| Long-Term Investments | $0 |
| Tax Assets | $960M |
| Other Non-Current Assets | $326M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $411M |
| Short-Term Debt | $400M |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $878M |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $2.0B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $350M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $825M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $770M |
| Minority Interest | $0 |
| TOTAL EQUITY | $770M |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $2.7B |
| Net Debt | $728M |
