| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.6B | $6.7B | $6.6B | -0.9% | 0.2% |
| Op. Income | $1.9B | $2.0B | $1.9B | -2.8% | 0.1% |
| Gross Margin | 47.4% | 47.8% | 46.7% | -0.3pp | 0.8pp |
| Net Margin | 25.9% | 30.1% | 23.8% | -4.2pp | 2.2pp |
| EPS (Diluted) | $2.06 | $2.41 | $1.86 | -14.5% | 10.8% |
| Free Cash Flow | $1.1B | $2.1B | $2.0B | -45.8% | -44.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.6B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $785M |
| Selling & Marketing | $209M |
| General & Administrative | $247M |
| SG&A Expenses | $456M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.9B |
| Interest Income | $141M |
| Interest Expense | $59M |
| Other Income/Expenses | $82M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $272M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $96M |
| EBIT | $2.1B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.6B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $785M |
| Selling & Marketing | $209M |
| General & Administrative | $247M |
| SG&A Expenses | $456M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.9B |
| Interest Income | $141M |
| Interest Expense | $59M |
| Other Income/Expenses | $82M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $272M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $96M |
| EBIT | $2.1B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $134M |
| Deferred Income Tax | -$134M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | -$414M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$257M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$474M |
| Sales/Maturities of Investments | $582M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$149M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | -$820M |
| Common Dividends Paid | -$266M |
| Other Financing Activities | -$41M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $221M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.1B |
| Short-Term Investments | $472M |
| Net Receivables | $5.0B |
| Inventory | $5.7B |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $19.3B |
| PP&E (Net) | $3.4B |
| Goodwill | $3.7B |
| Intangible Assets | $273M |
| Long-Term Investments | $3.0B |
| Tax Assets | $1.9B |
| Other Non-Current Assets | $340M |
| TOTAL NON-CURRENT ASSETS | $12.7B |
| TOTAL ASSETS | $31.9B |
| Account Payables | $1.5B |
| Short-Term Debt | $99M |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $788M |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $13.8B |
| Common Stock | $8M |
| Additional Paid-In Capital | $9.3B |
| Retained Earnings | $46.9B |
| Treasury Stock | -$37.8B |
| Accum. Other Comp. Income | -$172M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.2B |
| TOTAL LIABILITIES & EQUITY | $31.9B |
| Total Debt | $6.0B |
| Net Debt | -$1.1B |
