| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.2B | -2.2% | 5.7% |
| Op. Income | $506M | $536M | $472M | -5.6% | 7.2% |
| Gross Margin | 71.1% | 72.0% | 69.8% | -0.9pp | 1.2pp |
| Net Margin | 31.2% | 32.6% | 30.3% | -1.4pp | 0.9pp |
| EPS (Diluted) | $1.08 | $1.16 | $0.99 | -6.9% | 9.1% |
| Free Cash Flow | $271M | $617M | $320M | -56.1% | -15.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $364M |
| GROSS PROFIT | $894M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $388M |
| Other Expenses | $100.0K |
| Operating Expenses | $388M |
| Cost & Expenses | $752M |
| OPERATING INCOME | $506M |
| Interest Income | $20M |
| Interest Expense | $9M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $518M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $393M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $393M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $393M |
| D&A | $45M |
| EBIT | $506M |
| EBITDA | $551M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $364M |
| GROSS PROFIT | $894M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $388M |
| Other Expenses | $100.0K |
| Operating Expenses | $388M |
| Cost & Expenses | $752M |
| OPERATING INCOME | $506M |
| Interest Income | $20M |
| Interest Expense | $9M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $518M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $393M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $393M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $393M |
| D&A | $45M |
| EBIT | $506M |
| EBITDA | $551M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $393M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$163M |
| OPERATING CASH FLOW | $311M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | -$300.0K |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | -$82M |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$169M |
| Common Dividends Paid | -$320M |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | -$537M |
| FREE CASH FLOW | $271M |
| Net Change in Cash | -$322M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $34M |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $5.8B |
| TOTAL CURRENT ASSETS | $8.9B |
| PP&E (Net) | $477M |
| Goodwill | $1.9B |
| Intangible Assets | $201M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $567M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $92M |
| Short-Term Debt | $14M |
| Deferred Revenue | $55M |
| Other Current Liabilities | $6.1B |
| TOTAL CURRENT LIABILITIES | $7.3B |
| Long-Term Debt | $798M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $318M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $4M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$167M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $866M |
| Net Debt | -$498M |
