| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $5.5B | $5.4B | 6.6% | 8.9% |
| Op. Income | $269M | $36M | -$20M | 647.2% | 1445.0% |
| Gross Margin | 49.1% | 46.8% | 45.6% | 2.3pp | 3.5pp |
| Net Margin | 4.5% | 2.2% | 0.5% | 2.3pp | 4.0pp |
| EPS (Diluted) | $0.16 | $0.07 | $0.02 | 113.3% | 863.9% |
| Free Cash Flow | $439M | $379M | $254M | 15.8% | 72.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $640M |
| Other Expenses | $372M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $269M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $37M |
| INCOME BEFORE TAX | $306M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $769M |
| EBIT | $324M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $640M |
| Other Expenses | $372M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $269M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $37M |
| INCOME BEFORE TAX | $306M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $769M |
| EBIT | $324M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $265M |
| Depreciation & Amortization | $795M |
| Stock-Based Compensation | $346M |
| Deferred Income Tax | -$190M |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | -$608M |
| OPERATING CASH FLOW | $593M |
| Capital Expenditure | -$154M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$132M |
| Sales/Maturities of Investments | $761M |
| Other Investing Activities | -$89M |
| NET CASH FROM INVESTING | $386M |
| Net Debt Issuance | -$750M |
| Common Stock Repurchased | -$449M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $143M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $439M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $1.2B |
| Net Receivables | $5.8B |
| Inventory | $5.0B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $17.5B |
| PP&E (Net) | $2.3B |
| Goodwill | $24.3B |
| Intangible Assets | $20.1B |
| Long-Term Investments | $113M |
| Tax Assets | $617M |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $50.4B |
| TOTAL ASSETS | $67.9B |
| Account Payables | $1.7B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $17M |
| Additional Paid-In Capital | $60.5B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$5.1B |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $56.5B |
| TOTAL LIABILITIES & EQUITY | $67.9B |
| Total Debt | $2.2B |
| Net Debt | -$1.9B |
