| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $555M | $522M | $413M | 6.4% | 34.4% |
| Op. Income | $158M | $179M | $152M | -11.8% | 3.8% |
| Gross Margin | 72.1% | 80.4% | 92.8% | -8.3pp | -20.6pp |
| Net Margin | 22.2% | 26.8% | 28.8% | -4.6pp | -6.6pp |
| EPS (Diluted) | $1.62 | $1.83 | $1.57 | -11.5% | 3.2% |
| Free Cash Flow | $305M | $52M | $384M | 489.3% | -20.5% |
| Item | Amount |
|---|---|
| REVENUE | $555M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $401M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $164M |
| SG&A Expenses | $165M |
| Other Expenses | $77M |
| Operating Expenses | $243M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $158M |
| Interest Income | $478M |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $15M |
| EBIT | $158M |
| EBITDA | $173M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $555M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $401M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $164M |
| SG&A Expenses | $165M |
| Other Expenses | $77M |
| Operating Expenses | $243M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $158M |
| Interest Income | $478M |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $15M |
| EBIT | $158M |
| EBITDA | $173M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $123M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $134M |
| OPERATING CASH FLOW | $312M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$103M |
| Sales/Maturities of Investments | $317M |
| Other Investing Activities | -$838M |
| NET CASH FROM INVESTING | -$632M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$39M |
| Other Financing Activities | $378M |
| NET CASH FROM FINANCING | -$164M |
| FREE CASH FLOW | $305M |
| Net Change in Cash | -$483M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $819M |
| Short-Term Investments | $4.9B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $518M |
| Goodwill | $1.9B |
| Intangible Assets | $190M |
| Long-Term Investments | $34.1B |
| Tax Assets | $164M |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $39.2B |
| TOTAL ASSETS | $44.9B |
| Account Payables | $0 |
| Short-Term Debt | $581M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $36.7B |
| TOTAL CURRENT LIABILITIES | $37.3B |
| Long-Term Debt | $792M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $39.7B |
| Common Stock | $190M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$662M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $44.9B |
| Total Debt | $1.4B |
| Net Debt | $554M |
