| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $612M | $552M | $339M | 10.9% | 80.7% |
| Op. Income | $246M | $171M | $181M | 43.6% | 35.8% |
| Gross Margin | 52.4% | 61.5% | 88.0% | -9.1pp | -35.6pp |
| Net Margin | 32.2% | 24.9% | 42.8% | 7.4pp | -10.6pp |
| EPS (Diluted) | $2.54 | $1.76 | $1.86 | 44.3% | 36.6% |
| Free Cash Flow | -$122M | $324M | $135M | -137.5% | -190.0% |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $292M |
| GROSS PROFIT | $321M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $132M |
| SG&A Expenses | $138M |
| Other Expenses | -$63M |
| Operating Expenses | $75M |
| Cost & Expenses | $367M |
| OPERATING INCOME | $246M |
| Interest Income | $575M |
| Interest Expense | $260M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $246M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $194M |
| D&A | $20M |
| EBIT | $246M |
| EBITDA | $266M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $292M |
| GROSS PROFIT | $321M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $132M |
| SG&A Expenses | $138M |
| Other Expenses | -$63M |
| Operating Expenses | $75M |
| Cost & Expenses | $367M |
| OPERATING INCOME | $246M |
| Interest Income | $575M |
| Interest Expense | $260M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $246M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $194M |
| D&A | $20M |
| EBIT | $246M |
| EBITDA | $266M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $197M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | -$81M |
| Change in Working Capital | -$238M |
| OPERATING CASH FLOW | -$111M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $236M |
| Other Investing Activities | -$674M |
| NET CASH FROM INVESTING | -$463M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $1.6B |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | -$122M |
| Net Change in Cash | $1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.8B |
| Short-Term Investments | $3.6B |
| Net Receivables | $165M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.6B |
| PP&E (Net) | $245M |
| Goodwill | $1.8B |
| Intangible Assets | $31M |
| Long-Term Investments | $34.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $39.3B |
| TOTAL ASSETS | $46.9B |
| Account Payables | $54M |
| Short-Term Debt | $164M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37.7B |
| TOTAL CURRENT LIABILITIES | $37.9B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $467M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $41.0B |
| Common Stock | $77M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$172M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $46.9B |
| Total Debt | $2.8B |
| Net Debt | -$1.0B |
