| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $494M | $371M | $417M | 33.2% | 18.5% |
| Op. Income | $44M | -$14M | $63M | 414.3% | -30.2% |
| Gross Margin | 91.7% | 92.2% | 92.6% | -0.5pp | -0.9pp |
| Net Margin | 4.9% | -19.7% | 7.4% | 24.5pp | -2.6pp |
| EPS (Diluted) | $0.17 | $-0.52 | $0.21 | 132.7% | -19.0% |
| Free Cash Flow | $90M | $119M | $281M | -24.4% | -68.0% |
| Item | Amount |
|---|---|
| REVENUE | $494M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $453M |
| R&D Expenses | $0 |
| Selling & Marketing | $212M |
| General & Administrative | $166M |
| SG&A Expenses | $378M |
| Other Expenses | $31M |
| Operating Expenses | $409M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $44M |
| Interest Income | $12M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $21M |
| EBIT | $55M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $494M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $453M |
| R&D Expenses | $0 |
| Selling & Marketing | $212M |
| General & Administrative | $166M |
| SG&A Expenses | $378M |
| Other Expenses | $31M |
| Operating Expenses | $409M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $44M |
| Interest Income | $12M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $21M |
| EBIT | $55M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $291M |
| Inventory | $0 |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $216M |
| Goodwill | $824M |
| Intangible Assets | $47M |
| Long-Term Investments | $33M |
| Tax Assets | $87M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $87M |
| Other Current Liabilities | $623M |
| TOTAL CURRENT LIABILITIES | $854M |
| Long-Term Debt | $838M |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $168M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $212M |
| Treasury Stock | -$797M |
| Accum. Other Comp. Income | -$79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $781M |
| Minority Interest | $0 |
| TOTAL EQUITY | $781M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $922M |
| Net Debt | -$219M |
