| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.4B | $5.2B | -5.1% | -0.3% |
| Op. Income | $2.0B | $2.2B | $1.8B | -7.0% | 10.6% |
| Gross Margin | 45.3% | 45.5% | 100.0% | -0.2pp | -54.7pp |
| Net Margin | 34.0% | 34.6% | 31.6% | -0.5pp | 2.4pp |
| EPS (Diluted) | $3.10 | $3.25 | $2.71 | -4.6% | 14.4% |
| Free Cash Flow | $255M | $849M | $442M | -70.0% | -42.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $315M |
| Operating Expenses | $315M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $264M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $0 |
| EBIT | $2.0B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $315M |
| Operating Expenses | $315M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $264M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $0 |
| EBIT | $2.0B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$973M |
| Change in Working Capital | -$527M |
| OPERATING CASH FLOW | $255M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $1.8B |
| NET CASH FROM INVESTING | $2.1B |
| Net Debt Issuance | -$194M |
| Common Stock Repurchased | -$800M |
| Common Dividends Paid | -$272M |
| Other Financing Activities | -$60M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $255M |
| Net Change in Cash | $962M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.1B |
| Short-Term Investments | $66.3B |
| Net Receivables | $880M |
| Inventory | $0 |
| Other Current Assets | -$73.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $398M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $82.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$83.1B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $120.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$752M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $94.1B |
| Common Stock | $136M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $51.3B |
| Treasury Stock | -$25.0B |
| Accum. Other Comp. Income | -$3.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.0B |
| TOTAL LIABILITIES & EQUITY | $120.0B |
| Total Debt | $7.5B |
| Net Debt | $1.4B |
