| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.4B | $10.0B | $10.0B | 4.1% | 4.0% |
| Op. Income | $1.7B | $1.4B | $1.5B | 21.7% | 11.6% |
| Gross Margin | 51.1% | 50.4% | 49.6% | 0.7pp | 1.6pp |
| Net Margin | 12.5% | 12.3% | 13.8% | 0.3pp | -1.2pp |
| EPS (Diluted) | $0.74 | $0.70 | $0.78 | 5.7% | -5.1% |
| Free Cash Flow | $1.4B | $627M | $696M | 127.6% | 105.0% |
| Item | Amount |
|---|---|
| REVENUE | $10.4B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $697M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.9B |
| Other Expenses | $0 |
| Operating Expenses | $3.6B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $1.7B |
| Interest Income | $82M |
| Interest Expense | $168M |
| Other Income/Expenses | -$79M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $305M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $805M |
| EBIT | $1.8B |
| EBITDA | $2.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.4B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $697M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.9B |
| Other Expenses | $0 |
| Operating Expenses | $3.6B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $1.7B |
| Interest Income | $82M |
| Interest Expense | $168M |
| Other Income/Expenses | -$79M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $305M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $805M |
| EBIT | $1.8B |
| EBITDA | $2.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $805M |
| Stock-Based Compensation | $141M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $140M |
| Change in Working Capital | -$428M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$533M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $80M |
| NET CASH FROM INVESTING | -$453M |
| Net Debt Issuance | $160M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$961M |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$791M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $703M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.0B |
| Short-Term Investments | $232M |
| Net Receivables | $6.9B |
| Inventory | $6.8B |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $23.1B |
| PP&E (Net) | $10.2B |
| Goodwill | $23.3B |
| Intangible Assets | $7.8B |
| Long-Term Investments | $877M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.7B |
| TOTAL NON-CURRENT ASSETS | $49.9B |
| TOTAL ASSETS | $73.0B |
| Account Payables | $4.1B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.0B |
| TOTAL CURRENT LIABILITIES | $13.8B |
| Long-Term Debt | $13.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.6B |
| TOTAL NON-CURRENT LIABILITIES | $19.7B |
| TOTAL LIABILITIES | $33.5B |
| Common Stock | $24.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $38.4B |
| Treasury Stock | -$15.8B |
| Accum. Other Comp. Income | -$8.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39.3B |
| Minority Interest | $242M |
| TOTAL EQUITY | $39.6B |
| TOTAL LIABILITIES & EQUITY | $73.0B |
| Total Debt | $14.8B |
| Net Debt | $7.8B |
