| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $894M | $651M | 23.1% | 69.0% |
| Op. Income | $260M | $185M | $324M | 40.9% | -19.6% |
| Gross Margin | 57.2% | 58.0% | 88.8% | -0.9pp | -31.6pp |
| Net Margin | 19.6% | 15.9% | 40.0% | 3.7pp | -20.4pp |
| EPS (Diluted) | $1.96 | $1.28 | $2.39 | 53.1% | -18.0% |
| Free Cash Flow | -$490M | $329M | $316M | -248.9% | -255.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $471M |
| GROSS PROFIT | $629M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $146M |
| SG&A Expenses | $151M |
| Other Expenses | $218M |
| Operating Expenses | $369M |
| Cost & Expenses | $840M |
| OPERATING INCOME | $260M |
| Interest Income | $1.0B |
| Interest Expense | $451M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $23M |
| EBIT | $260M |
| EBITDA | $283M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $471M |
| GROSS PROFIT | $629M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $146M |
| SG&A Expenses | $151M |
| Other Expenses | $218M |
| Operating Expenses | $369M |
| Cost & Expenses | $840M |
| OPERATING INCOME | $260M |
| Interest Income | $1.0B |
| Interest Expense | $451M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $23M |
| EBIT | $260M |
| EBITDA | $283M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $216M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | -$648M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | -$457M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.2B |
| Sales/Maturities of Investments | $3.2B |
| Other Investing Activities | $2.7B |
| NET CASH FROM INVESTING | $1.7B |
| Net Debt Issuance | -$8.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $5.9B |
| NET CASH FROM FINANCING | -$2.7B |
| FREE CASH FLOW | -$490M |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $2.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $466M |
| Goodwill | $527M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $59.1B |
| Tax Assets | $315M |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $63.7B |
| TOTAL ASSETS | $68.2B |
| Account Payables | $0 |
| Short-Term Debt | $8.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $51.0B |
| TOTAL CURRENT LIABILITIES | $59.8B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $800M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $62.5B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.9B |
| Treasury Stock | -$116M |
| Accum. Other Comp. Income | -$611M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $68.2B |
| Total Debt | $10.6B |
| Net Debt | $8.5B |
