| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | 6.5% | 13.3% |
| Op. Income | $248M | $232M | $260M | 6.9% | -4.7% |
| Gross Margin | 57.6% | 59.7% | 57.2% | -2.1pp | 0.4pp |
| Net Margin | 15.5% | 15.2% | 19.6% | 0.4pp | -4.1pp |
| EPS (Diluted) | $1.75 | $1.60 | $1.96 | 9.4% | -10.7% |
| Free Cash Flow | -$762M | -$325M | -$490M | -134.2% | -55.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $528M |
| GROSS PROFIT | $718M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $153M |
| SG&A Expenses | $159M |
| Other Expenses | $311M |
| Operating Expenses | $470M |
| Cost & Expenses | $998M |
| OPERATING INCOME | $248M |
| Interest Income | $1.1B |
| Interest Expense | $491M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $194M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $27M |
| EBIT | $248M |
| EBITDA | $275M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $528M |
| GROSS PROFIT | $718M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $153M |
| SG&A Expenses | $159M |
| Other Expenses | $311M |
| Operating Expenses | $470M |
| Cost & Expenses | $998M |
| OPERATING INCOME | $248M |
| Interest Income | $1.1B |
| Interest Expense | $491M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $194M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $27M |
| EBIT | $248M |
| EBITDA | $275M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $194M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | -$660M |
| Change in Working Capital | -$340M |
| OPERATING CASH FLOW | -$746M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.9B |
| Sales/Maturities of Investments | $3.8B |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$2.5B |
| Net Debt Issuance | -$186M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $4.0B |
| NET CASH FROM FINANCING | $3.8B |
| FREE CASH FLOW | -$762M |
| Net Change in Cash | $528M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $6.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.3B |
| PP&E (Net) | $484M |
| Goodwill | $664M |
| Intangible Assets | $1.1B |
| Long-Term Investments | $65.7B |
| Tax Assets | $276M |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $70.3B |
| TOTAL ASSETS | $80.6B |
| Account Payables | $0 |
| Short-Term Debt | $5.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66.2B |
| TOTAL CURRENT LIABILITIES | $71.4B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $74.2B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.5B |
| Treasury Stock | -$125M |
| Accum. Other Comp. Income | -$558M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $80.6B |
| Total Debt | $6.6B |
| Net Debt | $2.6B |
