| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $590M | $526M | $534M | 12.1% | 10.5% |
| Op. Income | $104M | $62M | $101M | 69.1% | 2.9% |
| Gross Margin | 71.4% | 68.3% | 71.6% | 3.0pp | -0.2pp |
| Net Margin | 18.9% | 25.0% | 17.0% | -6.1pp | 2.0pp |
| EPS (Diluted) | $0.68 | $0.81 | $0.56 | -16.0% | 21.4% |
| Free Cash Flow | $255M | $503M | $92M | -49.2% | 178.5% |
| Item | Amount |
|---|---|
| REVENUE | $590M |
| Cost of Revenue | $169M |
| GROSS PROFIT | $421M |
| R&D Expenses | $157M |
| Selling & Marketing | $97M |
| General & Administrative | $63M |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $317M |
| Cost & Expenses | $486M |
| OPERATING INCOME | $104M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $8M |
| EBIT | $104M |
| EBITDA | $112M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $590M |
| Cost of Revenue | $169M |
| GROSS PROFIT | $421M |
| R&D Expenses | $157M |
| Selling & Marketing | $97M |
| General & Administrative | $63M |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $317M |
| Cost & Expenses | $486M |
| OPERATING INCOME | $104M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $8M |
| EBIT | $104M |
| EBITDA | $112M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | $102M |
| Change in Working Capital | $68M |
| OPERATING CASH FLOW | $265M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$988M |
| Sales/Maturities of Investments | $379M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$619M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $255M |
| Net Change in Cash | -$351M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $743M |
| Short-Term Investments | $3.1B |
| Net Receivables | $417M |
| Inventory | $0 |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $108M |
| Goodwill | $440M |
| Intangible Assets | $73M |
| Long-Term Investments | $0 |
| Tax Assets | $184M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $866M |
| TOTAL ASSETS | $5.2B |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $837M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $74M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $59M |
| Net Debt | -$684M |
