| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $715M | $678M | $597M | 5.5% | 19.8% |
| Op. Income | $320M | $356M | $313M | -10.2% | 2.1% |
| Gross Margin | 89.1% | 89.2% | 89.3% | -0.1pp | -0.1pp |
| Net Margin | 38.9% | 45.2% | 43.5% | -6.3pp | -4.6pp |
| EPS (Diluted) | $5.85 | $6.17 | $5.24 | -5.2% | 11.6% |
| Free Cash Flow | $187M | $338M | $62M | -44.7% | 203.7% |
| Item | Amount |
|---|---|
| REVENUE | $715M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $637M |
| R&D Expenses | $140M |
| Selling & Marketing | $25M |
| General & Administrative | $152M |
| SG&A Expenses | $178M |
| Other Expenses | $0 |
| Operating Expenses | $317M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $320M |
| Interest Income | $46M |
| Interest Expense | $12M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $278M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $278M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $278M |
| D&A | $19M |
| EBIT | $320M |
| EBITDA | $339M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $715M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $637M |
| R&D Expenses | $140M |
| Selling & Marketing | $25M |
| General & Administrative | $152M |
| SG&A Expenses | $178M |
| Other Expenses | $0 |
| Operating Expenses | $317M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $320M |
| Interest Income | $46M |
| Interest Expense | $12M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $278M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $278M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $278M |
| D&A | $19M |
| EBIT | $320M |
| EBITDA | $339M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $278M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$109M |
| OPERATING CASH FLOW | $232M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$231M |
| Sales/Maturities of Investments | $197M |
| Other Investing Activities | -$900.0K |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $64M |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $187M |
| Net Change in Cash | $104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.6B |
| Net Receivables | $291M |
| Inventory | $137M |
| Other Current Assets | $221M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $115M |
| Long-Term Investments | $1.3B |
| Tax Assets | $396M |
| Other Non-Current Assets | $168M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $325M |
| Short-Term Debt | $400M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $107M |
| TOTAL CURRENT LIABILITIES | $832M |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $194M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $6.6B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $500M |
| Net Debt | -$856M |
