| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $989M | $1.1B | 5.8% | -1.7% |
| Op. Income | $321M | $286M | $225M | 12.2% | 42.8% |
| Gross Margin | 42.0% | 40.9% | 34.3% | 1.1pp | 7.8pp |
| Net Margin | 23.5% | 21.0% | 17.8% | 2.5pp | 5.7pp |
| EPS (Diluted) | $0.16 | $0.13 | $0.12 | 17.4% | 31.7% |
| Free Cash Flow | $430M | $392M | $302M | 9.6% | 42.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $606M |
| GROSS PROFIT | $440M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $137M |
| SG&A Expenses | $168M |
| Other Expenses | -$49M |
| Operating Expenses | $119M |
| Cost & Expenses | $725M |
| OPERATING INCOME | $321M |
| Interest Income | $44M |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $325M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $262M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $246M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $246M |
| D&A | $26M |
| EBIT | $277M |
| EBITDA | $303M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $606M |
| GROSS PROFIT | $440M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $137M |
| SG&A Expenses | $168M |
| Other Expenses | -$49M |
| Operating Expenses | $119M |
| Cost & Expenses | $725M |
| OPERATING INCOME | $321M |
| Interest Income | $44M |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $325M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $262M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $246M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $246M |
| D&A | $26M |
| EBIT | $277M |
| EBITDA | $303M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $246M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $160M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $430M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $101M |
| NET CASH FROM INVESTING | $101M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$235M |
| NET CASH FROM FINANCING | -$235M |
| FREE CASH FLOW | $430M |
| Net Change in Cash | $297M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.8B |
| Net Receivables | $442M |
| Inventory | $2M |
| Other Current Assets | $468M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $131M |
| Goodwill | $2.9B |
| Intangible Assets | $648M |
| Long-Term Investments | $3.8B |
| Tax Assets | $54M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $12.0B |
| Account Payables | $909M |
| Short-Term Debt | $0 |
| Deferred Revenue | $431M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $829M |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $39M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $927M |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $292.2K |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | $2.3B |
| Other Equity | -$52M |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $244M |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $12.0B |
| Total Debt | $881M |
| Net Debt | -$909M |
