| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.4B | $7.4B | $7.0B | 12.6% | 20.1% |
| Op. Income | $1.9B | $991M | $2.7B | 92.6% | -28.9% |
| Gross Margin | 61.4% | 57.0% | 74.0% | 4.4pp | -12.6pp |
| Net Margin | 8.9% | -1.5% | 19.7% | 10.4pp | -10.8pp |
| EPS (Diluted) | $1.38 | $-0.21 | $2.57 | 757.1% | -46.3% |
| Free Cash Flow | $2.2B | $459M | $3.8B | 383.9% | -42.1% |
| Item | Amount |
|---|---|
| REVENUE | $8.4B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $11M |
| Operating Expenses | $3.2B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $1.9B |
| Interest Income | $0 |
| Interest Expense | $808M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $794M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $746M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $746M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $746M |
| D&A | $1.4B |
| EBIT | $1.6B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.4B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $11M |
| Operating Expenses | $3.2B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $1.9B |
| Interest Income | $0 |
| Interest Expense | $808M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $794M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $746M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $746M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $746M |
| D&A | $1.4B |
| EBIT | $1.6B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $746M |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $157M |
| Deferred Income Tax | -$383M |
| Other Non-Cash Items | $417M |
| Change in Working Capital | $122M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$238M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | -$217M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$40M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | -$407M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.3B |
| Short-Term Investments | $0 |
| Net Receivables | $6.9B |
| Inventory | $8.0B |
| Other Current Assets | $3.0B |
| TOTAL CURRENT ASSETS | $27.2B |
| PP&E (Net) | $6.1B |
| Goodwill | $18.6B |
| Intangible Assets | $30.2B |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.7B |
| TOTAL NON-CURRENT ASSETS | $63.7B |
| TOTAL ASSETS | $90.9B |
| Account Payables | $2.3B |
| Short-Term Debt | $5.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21.5B |
| Long-Term Debt | $57.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $63.5B |
| TOTAL LIABILITIES | $85.0B |
| Common Stock | $33.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$27.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$155M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $90.9B |
| Total Debt | $62.6B |
| Net Debt | $53.3B |
