| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $627M | $566M | $443M | 10.6% | 41.3% |
| Op. Income | $202M | $188M | $140M | 7.7% | 44.6% |
| Gross Margin | 71.7% | 77.5% | 94.1% | -5.8pp | -22.5pp |
| Net Margin | 24.7% | 25.9% | 25.9% | -1.1pp | -1.2pp |
| EPS (Diluted) | $0.52 | $0.49 | $0.38 | 6.1% | 36.8% |
| Free Cash Flow | $154M | $43M | $270M | 256.4% | -42.9% |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $449M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $145M |
| SG&A Expenses | $155M |
| Other Expenses | $91M |
| Operating Expenses | $247M |
| Cost & Expenses | $424M |
| OPERATING INCOME | $202M |
| Interest Income | $545M |
| Interest Expense | $163M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $202M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $15M |
| EBIT | $202M |
| EBITDA | $218M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $449M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $145M |
| SG&A Expenses | $155M |
| Other Expenses | $91M |
| Operating Expenses | $247M |
| Cost & Expenses | $424M |
| OPERATING INCOME | $202M |
| Interest Income | $545M |
| Interest Expense | $163M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $202M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $15M |
| EBIT | $202M |
| EBITDA | $218M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $155M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$130M |
| Sales/Maturities of Investments | $191M |
| Other Investing Activities | -$705M |
| NET CASH FROM INVESTING | -$651M |
| Net Debt Issuance | -$130M |
| Common Stock Repurchased | -$105.0K |
| Common Dividends Paid | -$45M |
| Other Financing Activities | $749M |
| NET CASH FROM FINANCING | $574M |
| FREE CASH FLOW | $154M |
| Net Change in Cash | $84M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $6.5B |
| Net Receivables | $382M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $749M |
| Goodwill | $2.0B |
| Intangible Assets | $114M |
| Long-Term Investments | $35.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $40.4B |
| TOTAL ASSETS | $48.5B |
| Account Payables | $0 |
| Short-Term Debt | $448M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $36.2B |
| TOTAL CURRENT LIABILITIES | $37.4B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $43.2B |
| Common Stock | $293M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$809M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $48.5B |
| Total Debt | $6.2B |
| Net Debt | $5.0B |
