| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.5B | $3.1B | 3.3% | 15.2% |
| Op. Income | $609M | $630M | $557M | -3.3% | 9.3% |
| Gross Margin | 84.9% | 85.1% | 90.0% | -0.1pp | -5.1pp |
| Net Margin | 13.2% | 14.3% | 13.7% | -1.1pp | -0.4pp |
| EPS (Diluted) | $2.22 | $2.32 | $1.93 | -4.3% | 15.0% |
| Free Cash Flow | $342M | $493M | -$666M | -30.6% | 151.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $541M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.0B |
| SG&A Expenses | $2.0B |
| Other Expenses | $401M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $609M |
| Interest Income | $1.0B |
| Interest Expense | $520M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $609M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $476M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $476M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $473M |
| D&A | $45M |
| EBIT | $609M |
| EBITDA | $654M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $541M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.0B |
| SG&A Expenses | $2.0B |
| Other Expenses | $401M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $609M |
| Interest Income | $1.0B |
| Interest Expense | $520M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $609M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $476M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $476M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $473M |
| D&A | $45M |
| EBIT | $609M |
| EBITDA | $654M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $476M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$197M |
| OPERATING CASH FLOW | $391M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$297M |
| Sales/Maturities of Investments | $438M |
| Other Investing Activities | -$25M |
| NET CASH FROM INVESTING | $67M |
| Net Debt Issuance | $200M |
| Common Stock Repurchased | -$213M |
| Common Dividends Paid | -$96M |
| Other Financing Activities | -$532M |
| NET CASH FROM FINANCING | -$641M |
| FREE CASH FLOW | $342M |
| Net Change in Cash | -$231M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.0B |
| Short-Term Investments | $9.0B |
| Net Receivables | $4.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $24.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.4B |
| Intangible Assets | $452M |
| Long-Term Investments | $45.8B |
| Tax Assets | $656M |
| Other Non-Current Assets | $7.7B |
| TOTAL NON-CURRENT ASSETS | $57.2B |
| TOTAL ASSETS | $81.2B |
| Account Payables | $6.0B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $55.7B |
| TOTAL CURRENT LIABILITIES | $62.9B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $70.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $11.0B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$724M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.0B |
| Minority Interest | -$5M |
| TOTAL EQUITY | $11.0B |
| TOTAL LIABILITIES & EQUITY | $81.2B |
| Total Debt | $4.3B |
| Net Debt | -$5.7B |
