| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $902M | $635M | 13.4% | 61.1% |
| Op. Income | $298M | $287M | $237M | 3.8% | 25.5% |
| Gross Margin | 62.7% | 68.7% | 93.8% | -5.9pp | -31.1pp |
| Net Margin | 23.0% | 24.5% | 28.7% | -1.5pp | -5.8pp |
| EPS (Diluted) | $1.32 | $1.24 | $1.00 | 6.5% | 32.0% |
| Free Cash Flow | $240M | $204M | $418M | 17.6% | -42.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $381M |
| GROSS PROFIT | $642M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $187M |
| SG&A Expenses | $192M |
| Other Expenses | $152M |
| Operating Expenses | $344M |
| Cost & Expenses | $725M |
| OPERATING INCOME | $298M |
| Interest Income | $933M |
| Interest Expense | $350M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $298M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $235M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $235M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $229M |
| D&A | $20M |
| EBIT | $298M |
| EBITDA | $317M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $381M |
| GROSS PROFIT | $642M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $187M |
| SG&A Expenses | $192M |
| Other Expenses | $152M |
| Operating Expenses | $344M |
| Cost & Expenses | $725M |
| OPERATING INCOME | $298M |
| Interest Income | $933M |
| Interest Expense | $350M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $298M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $235M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $235M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $229M |
| D&A | $20M |
| EBIT | $298M |
| EBITDA | $317M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $235M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $249M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$217M |
| Sales/Maturities of Investments | $244M |
| Other Investing Activities | -$326M |
| NET CASH FROM INVESTING | -$308M |
| Net Debt Issuance | -$4.3B |
| Common Stock Repurchased | -$58M |
| Common Dividends Paid | -$70M |
| Other Financing Activities | $3.4B |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $240M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $33M |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $426M |
| Goodwill | $2.6B |
| Intangible Assets | $221M |
| Long-Term Investments | $64.2B |
| Tax Assets | $378M |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $71.1B |
| TOTAL ASSETS | $74.0B |
| Account Payables | $0 |
| Short-Term Debt | $244M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $58.7B |
| TOTAL CURRENT LIABILITIES | $60.4B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $65.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $3.0B |
| Treasury Stock | -$455M |
| Accum. Other Comp. Income | -$719M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.3B |
| TOTAL LIABILITIES & EQUITY | $74.0B |
| Total Debt | $5.6B |
| Net Debt | $4.2B |
