| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.4B | 1.1% | 6.5% |
| Op. Income | $328M | $333M | $288M | -1.6% | 13.7% |
| Gross Margin | 48.1% | 49.3% | 47.0% | -1.2pp | 1.1pp |
| Net Margin | 13.1% | 11.0% | 9.6% | 2.1pp | 3.5pp |
| EPS (Diluted) | $0.75 | $0.62 | $0.51 | 21.0% | 47.1% |
| Free Cash Flow | $325M | $125M | $261M | 160.4% | 24.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $753M |
| GROSS PROFIT | $698M |
| R&D Expenses | $129M |
| Selling & Marketing | $143M |
| General & Administrative | $99M |
| SG&A Expenses | $242M |
| Other Expenses | $0 |
| Operating Expenses | $371M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $113M |
| Other Income/Expenses | -$123M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $168M |
| EBIT | $318M |
| EBITDA | $485M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $753M |
| GROSS PROFIT | $698M |
| R&D Expenses | $129M |
| Selling & Marketing | $143M |
| General & Administrative | $99M |
| SG&A Expenses | $242M |
| Other Expenses | $0 |
| Operating Expenses | $371M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $113M |
| Other Income/Expenses | -$123M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $168M |
| EBIT | $318M |
| EBITDA | $485M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $190M |
| Depreciation & Amortization | $168M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $385M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | -$300.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $100.0K |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$227M |
| Common Dividends Paid | -$60M |
| Other Financing Activities | -$449M |
| NET CASH FROM FINANCING | -$762M |
| FREE CASH FLOW | $325M |
| Net Change in Cash | -$410M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $463M |
| Short-Term Investments | $0 |
| Net Receivables | $2.5B |
| Inventory | $0 |
| Other Current Assets | $136M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $509M |
| Goodwill | $8.9B |
| Intangible Assets | $3.7B |
| Long-Term Investments | $518M |
| Tax Assets | $0 |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $13.8B |
| TOTAL ASSETS | $16.9B |
| Account Payables | $57M |
| Short-Term Debt | $39M |
| Deferred Revenue | $483M |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $6.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $770M |
| Other Non-Current Liabilities | $199M |
| TOTAL NON-CURRENT LIABILITIES | $7.7B |
| TOTAL LIABILITIES | $10.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.6B |
| Retained Earnings | $3.4B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$471M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $59M |
| TOTAL EQUITY | $6.5B |
| TOTAL LIABILITIES & EQUITY | $16.9B |
| Total Debt | $6.8B |
| Net Debt | $6.3B |
