| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.2B | 3.5% | 18.2% |
| Op. Income | $227M | $219M | $181M | 3.8% | 25.1% |
| Gross Margin | 82.7% | 81.5% | 83.8% | 1.3pp | -1.0pp |
| Net Margin | 11.4% | 11.7% | 10.9% | -0.3pp | 0.4pp |
| EPS (Diluted) | $1.41 | $1.40 | $1.10 | 0.7% | 28.2% |
| Free Cash Flow | $443M | -$619M | $367M | 171.5% | 20.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $250M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $723M |
| SG&A Expenses | $723M |
| Other Expenses | $251M |
| Operating Expenses | $974M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $227M |
| Interest Income | $498M |
| Interest Expense | $247M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $227M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $23M |
| EBIT | $227M |
| EBITDA | $250M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $250M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $723M |
| SG&A Expenses | $723M |
| Other Expenses | $251M |
| Operating Expenses | $974M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $227M |
| Interest Income | $498M |
| Interest Expense | $247M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $227M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $23M |
| EBIT | $227M |
| EBITDA | $250M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $165M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $250M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $477M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$942M |
| Sales/Maturities of Investments | $589M |
| Other Investing Activities | -$524M |
| NET CASH FROM INVESTING | -$911M |
| Net Debt Issuance | -$119M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$198M |
| NET CASH FROM FINANCING | -$383M |
| FREE CASH FLOW | $443M |
| Net Change in Cash | -$817M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $1.6B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.4B |
| Intangible Assets | $121M |
| Long-Term Investments | $28.0B |
| Tax Assets | $146M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $32.3B |
| TOTAL ASSETS | $37.8B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.1B |
| TOTAL CURRENT LIABILITIES | $29.8B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $583M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $32.4B |
| Common Stock | $17M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.5B |
| Treasury Stock | -$576M |
| Accum. Other Comp. Income | -$85M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $37.8B |
| Total Debt | $3.3B |
| Net Debt | $667M |
