| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $751M | $674M | $627M | 11.5% | 19.9% |
| Op. Income | $156M | $153M | $202M | 2.4% | -22.7% |
| Gross Margin | 58.5% | 61.6% | 71.7% | -3.1pp | -13.1pp |
| Net Margin | 16.1% | 17.9% | 24.7% | -1.7pp | -8.6pp |
| EPS (Diluted) | $0.37 | $0.40 | $0.52 | -7.5% | -28.8% |
| Free Cash Flow | $152M | $96M | $154M | 58.3% | -1.6% |
| Item | Amount |
|---|---|
| REVENUE | $751M |
| Cost of Revenue | $311M |
| GROSS PROFIT | $439M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $169M |
| SG&A Expenses | $180M |
| Other Expenses | $103M |
| Operating Expenses | $283M |
| Cost & Expenses | $594M |
| OPERATING INCOME | $156M |
| Interest Income | $664M |
| Interest Expense | $275M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $17M |
| EBIT | $156M |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $751M |
| Cost of Revenue | $311M |
| GROSS PROFIT | $439M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $169M |
| SG&A Expenses | $180M |
| Other Expenses | $103M |
| Operating Expenses | $283M |
| Cost & Expenses | $594M |
| OPERATING INCOME | $156M |
| Interest Income | $664M |
| Interest Expense | $275M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $17M |
| EBIT | $156M |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $121M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$457M |
| Sales/Maturities of Investments | $482M |
| Other Investing Activities | -$206M |
| NET CASH FROM INVESTING | -$191M |
| Net Debt Issuance | $467M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$49M |
| Other Financing Activities | -$95M |
| NET CASH FROM FINANCING | $323M |
| FREE CASH FLOW | $152M |
| Net Change in Cash | $294M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $7.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.3B |
| PP&E (Net) | $602M |
| Goodwill | $2.2B |
| Intangible Assets | $135M |
| Long-Term Investments | $38.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $44.8B |
| TOTAL ASSETS | $53.1B |
| Account Payables | $0 |
| Short-Term Debt | $491M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40.0B |
| TOTAL CURRENT LIABILITIES | $40.5B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $960M |
| TOTAL NON-CURRENT LIABILITIES | $6.6B |
| TOTAL LIABILITIES | $47.0B |
| Common Stock | $319M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$791M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $53.1B |
| Total Debt | $6.1B |
| Net Debt | $4.9B |
