| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.9B | $4.2B | -0.1% | 16.5% |
| Op. Income | $844M | $1.7B | $742M | -50.6% | 13.7% |
| Gross Margin | 41.3% | 37.7% | 45.6% | 3.6pp | -4.2pp |
| Net Margin | 13.2% | 26.4% | 13.6% | -13.3pp | -0.4pp |
| EPS (Diluted) | $1.55 | $3.14 | $1.32 | -50.6% | 17.4% |
| Free Cash Flow | $2.5B | $2.2B | $1.9B | 10.5% | 30.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $129M |
| General & Administrative | $434M |
| SG&A Expenses | $563M |
| Other Expenses | $614M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $844M |
| Interest Income | $5.6B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $844M |
| Income Tax Expense | $201M |
| Net Income from Continuing Ops | $643M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $643M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $624M |
| D&A | $121M |
| EBIT | $844M |
| EBITDA | $965M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $129M |
| General & Administrative | $434M |
| SG&A Expenses | $563M |
| Other Expenses | $614M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $844M |
| Interest Income | $5.6B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $844M |
| Income Tax Expense | $201M |
| Net Income from Continuing Ops | $643M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $643M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $624M |
| D&A | $121M |
| EBIT | $844M |
| EBITDA | $965M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $643M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$35M |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$884M |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$2.8B |
| NET CASH FROM INVESTING | -$2.5B |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$305M |
| Common Dividends Paid | -$100M |
| Other Financing Activities | -$443M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18.6B |
| Short-Term Investments | $2.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $21.3B |
| PP&E (Net) | $0 |
| Goodwill | $1.3B |
| Intangible Assets | $776M |
| Long-Term Investments | $102.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.2B |
| TOTAL NON-CURRENT ASSETS | $99.2B |
| TOTAL ASSETS | $120.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $83.1B |
| TOTAL CURRENT LIABILITIES | $83.1B |
| Long-Term Debt | $15.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.2B |
| TOTAL NON-CURRENT LIABILITIES | $21.8B |
| TOTAL LIABILITIES | $104.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $9.8B |
| Retained Earnings | $20.3B |
| Treasury Stock | -$15.7B |
| Accum. Other Comp. Income | -$73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.5B |
| TOTAL LIABILITIES & EQUITY | $120.5B |
| Total Debt | $15.6B |
| Net Debt | -$3.0B |
