| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $542M | $466M | $505M | 16.4% | 7.3% |
| Op. Income | $123M | $105M | $159M | 16.8% | -23.0% |
| Gross Margin | 79.1% | 79.4% | 81.5% | -0.4pp | -2.5pp |
| Net Margin | 11.7% | 16.1% | 17.8% | -4.4pp | -6.0pp |
| EPS (Diluted) | $0.53 | $0.63 | $0.76 | -15.9% | -30.3% |
| Free Cash Flow | $207M | $172M | $136M | 20.6% | 52.1% |
| Item | Amount |
|---|---|
| REVENUE | $542M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $429M |
| R&D Expenses | $100M |
| Selling & Marketing | $129M |
| General & Administrative | $66M |
| SG&A Expenses | $195M |
| Other Expenses | $11M |
| Operating Expenses | $306M |
| Cost & Expenses | $420M |
| OPERATING INCOME | $123M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $36M |
| EBIT | $123M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $542M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $429M |
| R&D Expenses | $100M |
| Selling & Marketing | $129M |
| General & Administrative | $66M |
| SG&A Expenses | $195M |
| Other Expenses | $11M |
| Operating Expenses | $306M |
| Cost & Expenses | $420M |
| OPERATING INCOME | $123M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $36M |
| EBIT | $123M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $211M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$828M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$838M |
| Net Debt Issuance | -$564M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | $559M |
| FREE CASH FLOW | $207M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $320M |
| Short-Term Investments | $0 |
| Net Receivables | $643M |
| Inventory | $0 |
| Other Current Assets | $84M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $242M |
| Goodwill | $3.4B |
| Intangible Assets | $979M |
| Long-Term Investments | $0 |
| Tax Assets | $151M |
| Other Non-Current Assets | $391M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $649M |
| Other Current Liabilities | $730M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $866M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$98M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $2.1B |
| Net Debt | $1.8B |
