| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $861M | $849M | $677M | 1.4% | 27.1% |
| Op. Income | $15M | $94M | -$49M | -83.7% | 131.1% |
| Gross Margin | 68.2% | 68.2% | 71.7% | 0.0pp | -3.5pp |
| Net Margin | 2.0% | 10.4% | -7.0% | -8.3pp | 9.0pp |
| EPS (Diluted) | $0.01 | $0.02 | $-0.06 | -65.3% | 112.5% |
| Free Cash Flow | -$524M | $704M | -$2.1B | -174.4% | 75.1% |
| Item | Amount |
|---|---|
| REVENUE | $861M |
| Cost of Revenue | $274M |
| GROSS PROFIT | $587M |
| R&D Expenses | $0 |
| Selling & Marketing | $185M |
| General & Administrative | $145M |
| SG&A Expenses | $330M |
| Other Expenses | $242M |
| Operating Expenses | $572M |
| Cost & Expenses | $845M |
| OPERATING INCOME | $15M |
| Interest Income | $675M |
| Interest Expense | $262M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $50M |
| EBIT | $15M |
| EBITDA | $65M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $861M |
| Cost of Revenue | $274M |
| GROSS PROFIT | $587M |
| R&D Expenses | $0 |
| Selling & Marketing | $185M |
| General & Administrative | $145M |
| SG&A Expenses | $330M |
| Other Expenses | $242M |
| Operating Expenses | $572M |
| Cost & Expenses | $845M |
| OPERATING INCOME | $15M |
| Interest Income | $675M |
| Interest Expense | $262M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $50M |
| EBIT | $15M |
| EBITDA | $65M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$597M |
| OPERATING CASH FLOW | -$484M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$943M |
| Sales/Maturities of Investments | $353M |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$2.2B |
| Net Debt Issuance | $207M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | -$524M |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $1.4B |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | -$68M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $330M |
| Goodwill | $1.4B |
| Intangible Assets | $623M |
| Long-Term Investments | $25.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $28.9B |
| TOTAL ASSETS | $32.6B |
| Account Payables | $0 |
| Short-Term Debt | $486M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.0B |
| TOTAL CURRENT LIABILITIES | $23.5B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $535M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $26.7B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $7.6B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $32.6B |
| Total Debt | $3.2B |
| Net Debt | $874M |
