| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | $6.1B | $6.6B | 14.4% | 5.9% |
| Op. Income | $2.7B | $1.9B | $2.2B | 39.7% | 23.3% |
| Gross Margin | 74.0% | 71.8% | 77.1% | 2.2pp | -3.1pp |
| Net Margin | 19.7% | 46.5% | 20.0% | -26.8pp | -0.2pp |
| EPS (Diluted) | $2.57 | $5.28 | $2.45 | -51.3% | 4.9% |
| Free Cash Flow | $3.8B | $720M | $1.7B | 433.1% | 127.9% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $82M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $752M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $896M |
| EBIT | $2.4B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $82M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $752M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $896M |
| EBIT | $2.4B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $896M |
| Stock-Based Compensation | $119M |
| Deferred Income Tax | -$154M |
| Other Non-Cash Items | $754M |
| Change in Working Capital | $1.1B |
| OPERATING CASH FLOW | $4.1B |
| Capital Expenditure | -$271M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $59M |
| NET CASH FROM INVESTING | -$211M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$53M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $3.8B |
| Net Change in Cash | $2.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34.2B |
| Short-Term Investments | $0 |
| Net Receivables | $5.8B |
| Inventory | $5.0B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $47.4B |
| PP&E (Net) | $5.5B |
| Goodwill | $15.5B |
| Intangible Assets | $14.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.2B |
| TOTAL NON-CURRENT ASSETS | $42.9B |
| TOTAL ASSETS | $90.3B |
| Account Payables | $1.2B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $17.1B |
| Long-Term Debt | $59.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $66.4B |
| TOTAL LIABILITIES | $83.5B |
| Common Stock | $32.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$25.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$280M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.8B |
| TOTAL LIABILITIES & EQUITY | $90.3B |
| Total Debt | $61.5B |
| Net Debt | $27.3B |
