| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $421M | $373M | $358M | 12.8% | 17.6% |
| Op. Income | $78M | $61M | $59M | 28.1% | 32.6% |
| Gross Margin | 53.5% | 53.2% | 42.1% | 0.4pp | 11.5pp |
| Net Margin | 16.5% | 10.8% | 13.9% | 5.7pp | 2.7pp |
| EPS (Diluted) | $1.71 | $0.99 | $1.36 | 72.7% | 25.7% |
| Free Cash Flow | $114M | $54M | $63M | 112.5% | 80.5% |
| Item | Amount |
|---|---|
| REVENUE | $421M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $225M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $148M |
| Cost & Expenses | $343M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $36M |
| EBIT | $83M |
| EBITDA | $118M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $421M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $225M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $148M |
| Cost & Expenses | $343M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $36M |
| EBIT | $83M |
| EBITDA | $118M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $70M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$512M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $600.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$520M |
| Net Debt Issuance | $589M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$36M |
| NET CASH FROM FINANCING | $554M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $503M |
| Short-Term Investments | $71M |
| Net Receivables | $312M |
| Inventory | $133M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $57M |
| Goodwill | $827M |
| Intangible Assets | $448M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $162M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $135M |
| Short-Term Debt | $0 |
| Deferred Revenue | $71M |
| Other Current Liabilities | $68M |
| TOTAL CURRENT LIABILITIES | $365M |
| Long-Term Debt | $984M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $57M |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $868M |
| Retained Earnings | $891M |
| Treasury Stock | -$695M |
| Accum. Other Comp. Income | -$100.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.0B |
| Net Debt | $525M |
