| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $416M | $445M | $382M | -6.4% | 9.1% |
| Op. Income | $103M | $160M | $96M | -35.4% | 7.6% |
| Gross Margin | 25.8% | 36.4% | 26.4% | -10.6pp | -0.6pp |
| Net Margin | 19.7% | 28.8% | 20.3% | -9.1pp | -0.6pp |
| EPS (Diluted) | $0.89 | $1.39 | $0.84 | -36.0% | 5.3% |
| Free Cash Flow | $139M | $70M | $173M | 99.1% | -19.5% |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $309M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | -$42.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $313M |
| OPERATING INCOME | $103M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $0 |
| EBIT | $105M |
| EBITDA | $105M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $309M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | -$42.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $313M |
| OPERATING INCOME | $103M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $0 |
| EBIT | $105M |
| EBITDA | $105M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $82M |
| Depreciation & Amortization | -$2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $60M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $142M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$266M |
| Sales/Maturities of Investments | $143M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$124M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $139M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $1.1B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | -$2.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $47M |
| Goodwill | $46M |
| Intangible Assets | $8M |
| Long-Term Investments | $3.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $5.5B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$130M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$100M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $687.0K |
| Additional Paid-In Capital | $370M |
| Retained Earnings | $1.8B |
| Treasury Stock | -$406M |
| Accum. Other Comp. Income | -$187M |
| Other Equity | $13M |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $100M |
| Net Debt | $50M |
