| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $674M | $653M | $621M | 3.2% | 8.4% |
| Op. Income | $168M | $165M | $159M | 2.2% | 5.5% |
| Gross Margin | 60.8% | 59.1% | 62.2% | 1.8pp | -1.3pp |
| Net Margin | 11.4% | 10.1% | 15.3% | 1.4pp | -3.9pp |
| EPS (Diluted) | $1.83 | $1.55 | $2.20 | 18.1% | -16.8% |
| Free Cash Flow | -$52M | -$187M | $38M | 72.4% | -237.1% |
| Item | Amount |
|---|---|
| REVENUE | $674M |
| Cost of Revenue | $264M |
| GROSS PROFIT | $410M |
| R&D Expenses | $0 |
| Selling & Marketing | $94M |
| General & Administrative | $101M |
| SG&A Expenses | $195M |
| Other Expenses | $47M |
| Operating Expenses | $242M |
| Cost & Expenses | $505M |
| OPERATING INCOME | $168M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $80M |
| EBIT | $166M |
| EBITDA | $246M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $674M |
| Cost of Revenue | $264M |
| GROSS PROFIT | $410M |
| R&D Expenses | $0 |
| Selling & Marketing | $94M |
| General & Administrative | $101M |
| SG&A Expenses | $195M |
| Other Expenses | $47M |
| Operating Expenses | $242M |
| Cost & Expenses | $505M |
| OPERATING INCOME | $168M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $80M |
| EBIT | $166M |
| EBITDA | $246M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $80M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$222M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$135M |
| Sales/Maturities of Investments | $95M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$124M |
| NET CASH FROM FINANCING | -$207M |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | -$303M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $683M |
| Short-Term Investments | $3.3B |
| Net Receivables | $4.0B |
| Inventory | $0 |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $9.4B |
| PP&E (Net) | $257M |
| Goodwill | $3.0B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $66M |
| Tax Assets | $15M |
| Other Non-Current Assets | $158M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $14.2B |
| Account Payables | $1.7B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $260M |
| Other Current Liabilities | $4.0B |
| TOTAL CURRENT LIABILITIES | $9.1B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $133M |
| Other Non-Current Liabilities | $302M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$935M |
| Accum. Other Comp. Income | -$281M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $4.2B |
| Net Debt | $3.5B |
