| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.3B | $3.7B | 4.7% | 19.8% |
| Op. Income | $311M | $196M | -$289M | 58.3% | 207.7% |
| Gross Margin | 29.2% | 27.6% | 24.1% | 1.6pp | 5.1pp |
| Net Margin | 7.2% | 5.4% | -9.5% | 1.8pp | 16.7pp |
| EPS (Diluted) | $1.56 | $1.13 | $-1.66 | 37.1% | 193.7% |
| Free Cash Flow | $573M | $241M | $13M | 137.9% | 4354.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $443M |
| Selling & Marketing | $401M |
| General & Administrative | $145M |
| SG&A Expenses | $546M |
| Other Expenses | $0 |
| Operating Expenses | $989M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $311M |
| Interest Income | $62M |
| Interest Expense | $11M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $316M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $320M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $320M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $320M |
| D&A | $35M |
| EBIT | $326M |
| EBITDA | $361M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $443M |
| Selling & Marketing | $401M |
| General & Administrative | $145M |
| SG&A Expenses | $546M |
| Other Expenses | $0 |
| Operating Expenses | $989M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $311M |
| Interest Income | $62M |
| Interest Expense | $11M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $316M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $320M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $320M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $320M |
| D&A | $35M |
| EBIT | $326M |
| EBITDA | $361M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $320M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $95M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $109M |
| OPERATING CASH FLOW | $575M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $281M |
| NET CASH FROM FINANCING | $215M |
| FREE CASH FLOW | $573M |
| Net Change in Cash | $705M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.7B |
| Short-Term Investments | $1.6B |
| Net Receivables | $920M |
| Inventory | $0 |
| Other Current Assets | $184M |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $543M |
| Goodwill | $1.4B |
| Intangible Assets | $79M |
| Long-Term Investments | $2.4B |
| Tax Assets | $57M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $11.8B |
| Account Payables | $876M |
| Short-Term Debt | $0 |
| Deferred Revenue | $767M |
| Other Current Liabilities | $2.9B |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | -$4.3B |
| Treasury Stock | -$306M |
| Accum. Other Comp. Income | $3.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $11.8B |
| Total Debt | $2.1B |
| Net Debt | -$2.6B |
