| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $372M | $364M | $352M | 2.1% | 5.7% |
| Op. Income | $249M | $241M | $236M | 3.1% | 5.4% |
| Gross Margin | 86.5% | 86.3% | 85.9% | 0.2pp | 0.5pp |
| Net Margin | 49.9% | 49.0% | 47.5% | 0.9pp | 2.4pp |
| EPS (Diluted) | $1.79 | $1.70 | $1.54 | 5.3% | 16.2% |
| Free Cash Flow | $139M | $253M | $139M | -45.2% | 0.1% |
| Item | Amount |
|---|---|
| REVENUE | $372M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $322M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $249M |
| Interest Income | $12M |
| Interest Expense | $19M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $11M |
| EBIT | $261M |
| EBITDA | $273M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $372M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $322M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $249M |
| Interest Income | $12M |
| Interest Expense | $19M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $11M |
| EBIT | $261M |
| EBITDA | $273M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $186M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | $145M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $392M |
| Purchases of Investments | -$551M |
| Sales/Maturities of Investments | $159M |
| Other Investing Activities | -$392M |
| NET CASH FROM INVESTING | -$398M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$223M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$223M |
| FREE CASH FLOW | $139M |
| Net Change in Cash | -$476M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $344M |
| Short-Term Investments | $592M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $997M |
| PP&E (Net) | $228M |
| Goodwill | $53M |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $232M |
| Other Non-Current Assets | $162M |
| TOTAL NON-CURRENT ASSETS | $680M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $321M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $12.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$13.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.6B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.8B |
| Net Debt | $1.4B |
