| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.0B | -3.1% | -0.4% |
| Op. Income | $230M | $286M | $298M | -19.6% | -22.9% |
| Gross Margin | 54.5% | 59.1% | 62.7% | -4.6pp | -8.2pp |
| Net Margin | 17.8% | 20.6% | 23.0% | -2.7pp | -5.1pp |
| EPS (Diluted) | $1.03 | $1.23 | $1.32 | -16.3% | -22.0% |
| Free Cash Flow | $216M | $239M | $240M | -9.7% | -10.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $463M |
| GROSS PROFIT | $556M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $202M |
| SG&A Expenses | $206M |
| Other Expenses | $120M |
| Operating Expenses | $326M |
| Cost & Expenses | $789M |
| OPERATING INCOME | $230M |
| Interest Income | $976M |
| Interest Expense | $404M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $17M |
| EBIT | $230M |
| EBITDA | $247M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $463M |
| GROSS PROFIT | $556M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $202M |
| SG&A Expenses | $206M |
| Other Expenses | $120M |
| Operating Expenses | $326M |
| Cost & Expenses | $789M |
| OPERATING INCOME | $230M |
| Interest Income | $976M |
| Interest Expense | $404M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $17M |
| EBIT | $230M |
| EBITDA | $247M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $182M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $84M |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | $224M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$442M |
| NET CASH FROM INVESTING | -$669M |
| Net Debt Issuance | -$850M |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | -$69M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $435M |
| FREE CASH FLOW | $216M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $48M |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $418M |
| Goodwill | $2.9B |
| Intangible Assets | $374M |
| Long-Term Investments | $66.3B |
| Tax Assets | $354M |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $74.3B |
| TOTAL ASSETS | $76.8B |
| Account Payables | $0 |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $62.3B |
| TOTAL CURRENT LIABILITIES | $65.3B |
| Long-Term Debt | $923M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $68.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $3.5B |
| Treasury Stock | -$536M |
| Accum. Other Comp. Income | -$628M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.8B |
| TOTAL LIABILITIES & EQUITY | $76.8B |
| Total Debt | $4.0B |
| Net Debt | $2.7B |
