| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.2B | $2.9B | -0.1% | 10.5% |
| Op. Income | $1.0B | $1.0B | $1.3B | 1.4% | -22.2% |
| Gross Margin | 83.9% | 82.4% | 87.0% | 1.5pp | -3.1pp |
| Net Margin | 30.7% | 25.9% | 29.8% | 4.8pp | 0.8pp |
| EPS (Diluted) | $8.50 | $7.17 | $7.47 | 18.5% | 13.8% |
| Free Cash Flow | $909M | $1.2B | $411M | -23.5% | 121.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $508M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $982M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $652M |
| Other Expenses | -$600.0K |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.0B |
| Interest Income | $118M |
| Interest Expense | $19M |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $968M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $968M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $968M |
| D&A | $103M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $508M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $982M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $652M |
| Other Expenses | -$600.0K |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.0B |
| Interest Income | $118M |
| Interest Expense | $19M |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $968M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $968M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $968M |
| D&A | $103M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| Net Income | $968M |
| Depreciation & Amortization | $103M |
| Stock-Based Compensation | $202M |
| Deferred Income Tax | -$209M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$113M |
| Acquisitions (Net) | $134M |
| Purchases of Investments | -$4.5B |
| Sales/Maturities of Investments | $2.3B |
| Other Investing Activities | -$155M |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$705M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$614M |
| FREE CASH FLOW | $909M |
| Net Change in Cash | -$2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $7.0B |
| Net Receivables | $5.1B |
| Inventory | $2.5B |
| Other Current Assets | $366M |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $3.9B |
| Goodwill | $0 |
| Intangible Assets | $953M |
| Long-Term Investments | $6.3B |
| Tax Assets | $2.1B |
| Other Non-Current Assets | $393M |
| TOTAL NON-CURRENT ASSETS | $13.7B |
| TOTAL ASSETS | $30.7B |
| Account Payables | $547M |
| Short-Term Debt | $0 |
| Deferred Revenue | $381M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $116M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $717M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $10.9B |
| Retained Earnings | $25.1B |
| Treasury Stock | -$11.8B |
| Accum. Other Comp. Income | -$198M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.0B |
| TOTAL LIABILITIES & EQUITY | $30.7B |
| Total Debt | $2.7B |
| Net Debt | $765M |
