| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $597M | $507M | $467M | 17.7% | 27.8% |
| Op. Income | $313M | $284M | $202M | 10.2% | 55.3% |
| Gross Margin | 89.3% | 89.7% | 93.6% | -0.4pp | -4.4pp |
| Net Margin | 43.5% | 47.5% | 24.8% | -4.1pp | 18.6pp |
| EPS (Diluted) | $5.24 | $4.86 | $2.41 | 7.8% | 117.4% |
| Free Cash Flow | $62M | $334M | $110M | -81.5% | -44.0% |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $532M |
| R&D Expenses | $89M |
| Selling & Marketing | $20M |
| General & Administrative | $110M |
| SG&A Expenses | $130M |
| Other Expenses | -$600.0K |
| Operating Expenses | $219M |
| Cost & Expenses | $283M |
| OPERATING INCOME | $313M |
| Interest Income | $37M |
| Interest Expense | $15M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $259M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $259M |
| D&A | $13M |
| EBIT | $313M |
| EBITDA | $326M |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $532M |
| R&D Expenses | $89M |
| Selling & Marketing | $20M |
| General & Administrative | $110M |
| SG&A Expenses | $130M |
| Other Expenses | -$600.0K |
| Operating Expenses | $219M |
| Cost & Expenses | $283M |
| OPERATING INCOME | $313M |
| Interest Income | $37M |
| Interest Expense | $15M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $259M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $259M |
| D&A | $13M |
| EBIT | $313M |
| EBITDA | $326M |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $259M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$300.0K |
| Change in Working Capital | -$179M |
| OPERATING CASH FLOW | $106M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$672M |
| Sales/Maturities of Investments | $493M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$227M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $38M |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.6B |
| Net Receivables | $273M |
| Inventory | $103M |
| Other Current Assets | $158M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $939M |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $2.0B |
| Tax Assets | $326M |
| Other Non-Current Assets | $135M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $292M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $370M |
| Long-Term Debt | $800M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $100M |
| TOTAL NON-CURRENT LIABILITIES | $900M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $5.5B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $800M |
| Net Debt | -$267M |
