| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $780M | 8.0% | 49.5% |
| Op. Income | $226M | $282M | $260M | -19.9% | -13.1% |
| Gross Margin | 63.0% | 73.5% | 92.8% | -10.6pp | -29.9pp |
| Net Margin | 15.0% | 18.9% | 26.0% | -3.9pp | -11.0pp |
| EPS (Diluted) | $1.12 | $1.33 | $1.29 | -15.8% | -13.2% |
| Free Cash Flow | $576M | $190M | $467M | 203.2% | 23.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $432M |
| GROSS PROFIT | $734M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $333M |
| SG&A Expenses | $346M |
| Other Expenses | $162M |
| Operating Expenses | $508M |
| Cost & Expenses | $940M |
| OPERATING INCOME | $226M |
| Interest Income | $977M |
| Interest Expense | $386M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $226M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $36M |
| EBIT | $226M |
| EBITDA | $262M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $432M |
| GROSS PROFIT | $734M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $333M |
| SG&A Expenses | $346M |
| Other Expenses | $162M |
| Operating Expenses | $508M |
| Cost & Expenses | $940M |
| OPERATING INCOME | $226M |
| Interest Income | $977M |
| Interest Expense | $386M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $226M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $36M |
| EBIT | $226M |
| EBITDA | $262M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $175M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $107M |
| Change in Working Capital | $292M |
| OPERATING CASH FLOW | $598M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$137M |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | -$589M |
| NET CASH FROM INVESTING | $1.2B |
| Net Debt Issuance | -$6.7B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$69M |
| Other Financing Activities | $5.1B |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $576M |
| Net Change in Cash | $94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $10.9B |
| Net Receivables | $388M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.5B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $66.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.3B |
| TOTAL NON-CURRENT ASSETS | $73.8B |
| TOTAL ASSETS | $87.2B |
| Account Payables | $0 |
| Short-Term Debt | $5.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $74.3B |
| TOTAL CURRENT LIABILITIES | $79.8B |
| Long-Term Debt | $534M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $81.9B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $87.2B |
| Total Debt | $6.1B |
| Net Debt | $3.8B |
