| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.6B | $6.7B | $6.2B | -1.6% | 6.2% |
| Op. Income | $1.9B | $2.0B | $1.9B | -3.0% | 0.9% |
| Gross Margin | 46.7% | 46.7% | 46.9% | -0.0pp | -0.2pp |
| Net Margin | 23.8% | 25.5% | 24.6% | -1.7pp | -0.8pp |
| EPS (Diluted) | $1.86 | $2.02 | $1.74 | -7.9% | 6.9% |
| Free Cash Flow | $2.0B | $2.0B | $205M | 2.7% | 893.7% |
| Item | Amount |
|---|---|
| REVENUE | $6.6B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $775M |
| Selling & Marketing | $194M |
| General & Administrative | $214M |
| SG&A Expenses | $408M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.9B |
| Interest Income | -$73M |
| Interest Expense | $61M |
| Other Income/Expenses | -$134M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $202M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $129M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.6B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $775M |
| Selling & Marketing | $194M |
| General & Administrative | $214M |
| SG&A Expenses | $408M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.9B |
| Interest Income | -$73M |
| Interest Expense | $61M |
| Other Income/Expenses | -$134M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $202M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $129M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $129M |
| Stock-Based Compensation | $113M |
| Deferred Income Tax | -$115M |
| Other Non-Cash Items | $167M |
| Change in Working Capital | $423M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$255M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$324M |
| Sales/Maturities of Investments | $255M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$322M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$800M |
| Common Dividends Paid | -$219M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$928M |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.6B |
| Short-Term Investments | $510M |
| Net Receivables | $5.7B |
| Inventory | $5.9B |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $17.8B |
| PP&E (Net) | $3.1B |
| Goodwill | $3.7B |
| Intangible Assets | $328M |
| Long-Term Investments | $2.0B |
| Tax Assets | $1.7B |
| Other Non-Current Assets | $521M |
| TOTAL NON-CURRENT ASSETS | $11.3B |
| TOTAL ASSETS | $29.1B |
| Account Payables | $1.5B |
| Short-Term Debt | $304M |
| Deferred Revenue | $3.4B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $7.9B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $15.0B |
| Common Stock | $8M |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | $40.7B |
| Treasury Stock | -$35.2B |
| Accum. Other Comp. Income | -$235M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $29.1B |
| Total Debt | $6.1B |
| Net Debt | $1.5B |
