| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $783M | $838M | $778M | -6.5% | 0.7% |
| Op. Income | $339M | $387M | $357M | -12.6% | -5.0% |
| Gross Margin | 63.5% | 65.6% | 65.9% | -2.1pp | -2.5pp |
| Net Margin | 32.2% | 34.6% | 34.1% | -2.4pp | -1.9pp |
| EPS (Diluted) | $1.11 | $1.27 | $1.10 | -12.6% | 0.9% |
| Free Cash Flow | -$145M | -$78M | -$67M | -85.7% | -116.3% |
| Item | Amount |
|---|---|
| REVENUE | $783M |
| Cost of Revenue | $286M |
| GROSS PROFIT | $497M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $97M |
| SG&A Expenses | $97M |
| Other Expenses | $62M |
| Operating Expenses | $159M |
| Cost & Expenses | $445M |
| OPERATING INCOME | $339M |
| Interest Income | $641M |
| Interest Expense | $269M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $339M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $252M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $252M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $6M |
| EBIT | $339M |
| EBITDA | $345M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $783M |
| Cost of Revenue | $286M |
| GROSS PROFIT | $497M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $97M |
| SG&A Expenses | $97M |
| Other Expenses | $62M |
| Operating Expenses | $159M |
| Cost & Expenses | $445M |
| OPERATING INCOME | $339M |
| Interest Income | $641M |
| Interest Expense | $269M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $339M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $252M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $252M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $247M |
| D&A | $6M |
| EBIT | $339M |
| EBITDA | $345M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $252M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $87M |
| Other Non-Cash Items | -$89M |
| Change in Working Capital | -$410M |
| OPERATING CASH FLOW | -$145M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $131M |
| Other Investing Activities | $1.6B |
| NET CASH FROM INVESTING | $1.6B |
| Net Debt Issuance | $424M |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$167M |
| NET CASH FROM FINANCING | $167M |
| FREE CASH FLOW | -$145M |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $346M |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $126M |
| Goodwill | $56M |
| Intangible Assets | $10M |
| Long-Term Investments | $21.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $266M |
| TOTAL NON-CURRENT ASSETS | $21.4B |
| TOTAL ASSETS | $28.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.7B |
| TOTAL CURRENT LIABILITIES | $20.7B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $339M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $26.5B |
| Common Stock | $88M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$3.3B |
| Accum. Other Comp. Income | -$79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $28.8B |
| Total Debt | $5.4B |
| Net Debt | $141M |
