| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.2B | $3.0B | 0.4% | 9.8% |
| Op. Income | $1.1B | $1.1B | $918M | -0.2% | 22.9% |
| Gross Margin | 65.7% | 65.4% | 65.4% | 0.4pp | 0.3pp |
| Net Margin | 30.0% | 29.6% | 26.4% | 0.4pp | 3.6pp |
| EPS (Diluted) | $1.92 | $1.88 | $1.49 | 2.1% | 28.9% |
| Free Cash Flow | $797M | $1.2B | $1.1B | -35.2% | -27.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $416M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $324M |
| Other Expenses | $276M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.1B |
| Interest Income | $13M |
| Interest Expense | $63M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $978M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $978M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $978M |
| D&A | $582M |
| EBIT | $1.2B |
| EBITDA | $1.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $416M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $324M |
| Other Expenses | $276M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.1B |
| Interest Income | $13M |
| Interest Expense | $63M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $978M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $978M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $978M |
| D&A | $582M |
| EBIT | $1.2B |
| EBITDA | $1.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $978M |
| Depreciation & Amortization | $582M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | -$134M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$406M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$284M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$183.0K |
| NET CASH FROM INVESTING | -$285M |
| Net Debt Issuance | $188M |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | -$435M |
| Other Financing Activities | $110M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $797M |
| Net Change in Cash | -$493M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $1.6B |
| Other Current Assets | $303M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $2.7B |
| Goodwill | $26.9B |
| Intangible Assets | $12.3B |
| Long-Term Investments | $0 |
| Tax Assets | $2.2B |
| Other Non-Current Assets | $634M |
| TOTAL NON-CURRENT ASSETS | $44.8B |
| TOTAL ASSETS | $49.5B |
| Account Payables | $569M |
| Short-Term Debt | $254M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $6.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.3B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $13.5B |
| Common Stock | $84M |
| Additional Paid-In Capital | $26.3B |
| Retained Earnings | $9.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$172M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $36.0B |
| TOTAL LIABILITIES & EQUITY | $49.5B |
| Total Debt | $6.7B |
| Net Debt | $5.6B |
