| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $775M | $731M | $712M | 6.0% | 8.8% |
| Op. Income | $455M | $411M | $82M | 10.7% | 454.9% |
| Gross Margin | 113.9% | 115.7% | 71.9% | -1.8pp | 42.0pp |
| Net Margin | 45.7% | 44.0% | 9.3% | 1.6pp | 36.4pp |
| EPS (Diluted) | $2.08 | $1.90 | $0.34 | 9.5% | 511.8% |
| Free Cash Flow | -$232M | $431M | $191M | -153.8% | -221.5% |
| Item | Amount |
|---|---|
| REVENUE | $775M |
| Cost of Revenue | -$108M |
| GROSS PROFIT | $883M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $279M |
| SG&A Expenses | $286M |
| Other Expenses | $142M |
| Operating Expenses | $428M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $455M |
| Interest Income | $570M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $455M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $354M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $354M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | -$8M |
| EBIT | $455M |
| EBITDA | $447M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $775M |
| Cost of Revenue | -$108M |
| GROSS PROFIT | $883M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $279M |
| SG&A Expenses | $286M |
| Other Expenses | $142M |
| Operating Expenses | $428M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $455M |
| Interest Income | $570M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $455M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $354M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $354M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | -$8M |
| EBIT | $455M |
| EBITDA | $447M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $354M |
| Depreciation & Amortization | -$8M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $38M |
| Other Non-Cash Items | -$190M |
| Change in Working Capital | -$400M |
| OPERATING CASH FLOW | -$201M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.8B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $2.1B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$291M |
| Common Stock Repurchased | -$227M |
| Common Dividends Paid | -$63M |
| Other Financing Activities | $2.3B |
| NET CASH FROM FINANCING | $1.7B |
| FREE CASH FLOW | -$232M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.6B |
| Short-Term Investments | $18.3B |
| Net Receivables | $307M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $29.3B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $51.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.3B |
| TOTAL NON-CURRENT ASSETS | $57.9B |
| TOTAL ASSETS | $87.2B |
| Account Payables | $0 |
| Short-Term Debt | $741M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $76.1B |
| TOTAL CURRENT LIABILITIES | $76.8B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $79.2B |
| Common Stock | $2.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $175M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $87.2B |
| Total Debt | $2.0B |
| Net Debt | -$8.6B |
