| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $387M | $384M | $372M | 0.7% | 4.1% |
| Op. Income | $266M | $259M | $249M | 2.8% | 7.0% |
| Gross Margin | 87.8% | 87.2% | 86.5% | 0.6pp | 1.4pp |
| Net Margin | 51.4% | 50.5% | 49.9% | 0.8pp | 1.4pp |
| EPS (Diluted) | $2.01 | $1.92 | $1.79 | 4.7% | 12.3% |
| Free Cash Flow | $151M | $254M | $139M | -40.4% | 8.9% |
| Item | Amount |
|---|---|
| REVENUE | $387M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $340M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $121M |
| OPERATING INCOME | $266M |
| Interest Income | $10M |
| Interest Expense | $19M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $259M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $199M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $9M |
| EBIT | $278M |
| EBITDA | $287M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $387M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $340M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $121M |
| OPERATING INCOME | $266M |
| Interest Income | $10M |
| Interest Expense | $19M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $259M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $199M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $9M |
| EBIT | $278M |
| EBITDA | $287M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $199M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$310M |
| Sales/Maturities of Investments | $70M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$250M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$390M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$390M |
| FREE CASH FLOW | $151M |
| Net Change in Cash | -$480M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $252M |
| Short-Term Investments | $438M |
| Net Receivables | $15M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $761M |
| PP&E (Net) | $238M |
| Goodwill | $53M |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $280M |
| Other Non-Current Assets | $168M |
| TOTAL NON-CURRENT ASSETS | $744M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $322M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $11.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$13.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.8B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $1.8B |
| Net Debt | $1.6B |
