| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $379M | $360M | $270M | 5.3% | 40.5% |
| Op. Income | $116M | $123M | $119M | -5.6% | -2.7% |
| Gross Margin | 65.7% | 71.7% | 95.9% | -6.0pp | -30.2pp |
| Net Margin | 24.4% | 27.3% | 35.5% | -2.9pp | -11.1pp |
| EPS (Diluted) | $0.68 | $0.73 | $0.71 | -6.8% | -4.2% |
| Free Cash Flow | $62M | $115M | $204M | -46.2% | -69.7% |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $249M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $75M |
| SG&A Expenses | $75M |
| Other Expenses | $58M |
| Operating Expenses | $133M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $116M |
| Interest Income | $346M |
| Interest Expense | $118M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $0 |
| EBIT | $116M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $249M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $75M |
| SG&A Expenses | $75M |
| Other Expenses | $58M |
| Operating Expenses | $133M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $116M |
| Interest Income | $346M |
| Interest Expense | $118M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $0 |
| EBIT | $116M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $0 |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $65M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$151M |
| Sales/Maturities of Investments | $546M |
| Other Investing Activities | -$126M |
| NET CASH FROM INVESTING | $265M |
| Net Debt Issuance | -$600M |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | -$49M |
| Other Financing Activities | $92M |
| NET CASH FROM FINANCING | -$556M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | -$226M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $4.0B |
| Net Receivables | $97M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $275M |
| Goodwill | $1.9B |
| Intangible Assets | $21M |
| Long-Term Investments | $20.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $790M |
| TOTAL NON-CURRENT ASSETS | $23.9B |
| TOTAL ASSETS | $29.7B |
| Account Payables | $0 |
| Short-Term Debt | $177M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.4B |
| TOTAL CURRENT LIABILITIES | $22.7B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $25.1B |
| Common Stock | $356M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$252M |
| Accum. Other Comp. Income | -$311M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $29.7B |
| Total Debt | $2.5B |
| Net Debt | $759M |
