| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | 2.7% | 6.6% |
| Op. Income | $262M | $203M | $226M | 29.1% | 15.9% |
| Gross Margin | 61.3% | 60.2% | 63.0% | 1.1pp | -1.6pp |
| Net Margin | 16.2% | 12.6% | 15.0% | 3.5pp | 1.2pp |
| EPS (Diluted) | $1.28 | $0.96 | $1.12 | 33.3% | 14.3% |
| Free Cash Flow | $234M | $231M | $576M | 1.3% | -59.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $481M |
| GROSS PROFIT | $762M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $337M |
| SG&A Expenses | $350M |
| Other Expenses | $150M |
| Operating Expenses | $500M |
| Cost & Expenses | $981M |
| OPERATING INCOME | $262M |
| Interest Income | $1.1B |
| Interest Expense | $476M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $31M |
| EBIT | $262M |
| EBITDA | $293M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $481M |
| GROSS PROFIT | $762M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $337M |
| SG&A Expenses | $350M |
| Other Expenses | $150M |
| Operating Expenses | $500M |
| Cost & Expenses | $981M |
| OPERATING INCOME | $262M |
| Interest Income | $1.1B |
| Interest Expense | $476M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $31M |
| EBIT | $262M |
| EBITDA | $293M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $251M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$890M |
| Sales/Maturities of Investments | $815M |
| Other Investing Activities | -$368M |
| NET CASH FROM INVESTING | -$460M |
| Net Debt Issuance | $755M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$72M |
| Other Financing Activities | -$466M |
| NET CASH FROM FINANCING | $217M |
| FREE CASH FLOW | $234M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $9.5B |
| Net Receivables | $390M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.9B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $67.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $74.7B |
| TOTAL ASSETS | $87.6B |
| Account Payables | $0 |
| Short-Term Debt | $5.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $73.8B |
| TOTAL CURRENT LIABILITIES | $79.4B |
| Long-Term Debt | $542M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $81.6B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $87.6B |
| Total Debt | $6.2B |
| Net Debt | $3.2B |
