| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | $1.7B | 8.0% | 16.2% |
| Op. Income | $594M | $524M | $515M | 13.5% | 15.5% |
| Gross Margin | 50.0% | 50.7% | 50.7% | -0.7pp | -0.7pp |
| Net Margin | 24.1% | 22.2% | 22.6% | 1.9pp | 1.5pp |
| EPS (Diluted) | $2.68 | $2.28 | $2.15 | 17.4% | 24.5% |
| Free Cash Flow | $55M | $363M | $112M | -84.7% | -50.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $239M |
| Selling & Marketing | $91M |
| General & Administrative | $76M |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $406M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $594M |
| Interest Income | $10M |
| Interest Expense | $13M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $597M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $483M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $482M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $482M |
| D&A | $185M |
| EBIT | $608M |
| EBITDA | $793M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $239M |
| Selling & Marketing | $91M |
| General & Administrative | $76M |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $406M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $594M |
| Interest Income | $10M |
| Interest Expense | $13M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $597M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $483M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $482M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $482M |
| D&A | $185M |
| EBIT | $608M |
| EBITDA | $793M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $483M |
| Depreciation & Amortization | $185M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $114M |
| Other Non-Cash Items | -$164M |
| Change in Working Capital | -$249M |
| OPERATING CASH FLOW | $369M |
| Capital Expenditure | -$314M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$156M |
| NET CASH FROM INVESTING | -$314M |
| Net Debt Issuance | $560M |
| Common Stock Repurchased | -$172M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$483M |
| NET CASH FROM FINANCING | -$96M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $10M |
| Net Receivables | $2.2B |
| Inventory | $1.3B |
| Other Current Assets | $286M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $2.0B |
| Goodwill | $918M |
| Intangible Assets | $1.7B |
| Long-Term Investments | $84M |
| Tax Assets | $296M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $521M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $150M |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $8M |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $3.7B |
| Net Debt | $2.1B |
