| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.3B | — | $8.1B | — | -9.6% |
| Op. Income | $2.1B | — | $2.6B | — | -18.9% |
| Gross Margin | 51.5% | — | 51.3% | — | 0.1pp |
| Net Margin | 25.3% | — | 28.1% | — | -2.9pp |
| EPS (Diluted) | $4.70 | — | $5.75 | — | -18.3% |
| Free Cash Flow | $466M | — | -$176M | — | 365.2% |
| Item | Amount |
|---|---|
| REVENUE | $7.3B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $324M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $341M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $266M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $7.3B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $324M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $341M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $266M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $267M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $956.6K |
| Other Non-Cash Items | $140M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$623M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $1M |
| Sales/Maturities of Investments | $118M |
| Other Investing Activities | $351.9K |
| NET CASH FROM INVESTING | -$511M |
| Net Debt Issuance | -$349.7K |
| Common Stock Repurchased | -$133M |
| Common Dividends Paid | -$807M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$904M |
| FREE CASH FLOW | $466M |
| Net Change in Cash | -$381M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.6B |
| Short-Term Investments | $240M |
| Net Receivables | $7.7B |
| Inventory | $12.8B |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $28.6B |
| PP&E (Net) | $7.5B |
| Goodwill | $5.4B |
| Intangible Assets | $801M |
| Long-Term Investments | $2.3B |
| Tax Assets | $2.2B |
| Other Non-Current Assets | $821M |
| TOTAL NON-CURRENT ASSETS | $19.0B |
| TOTAL ASSETS | $47.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.8B |
| TOTAL CURRENT LIABILITIES | $18.8B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $5.2B |
| Deferred Tax Liabilities | $411M |
| Other Non-Current Liabilities | $554M |
| TOTAL NON-CURRENT LIABILITIES | $11.6B |
| TOTAL LIABILITIES | $30.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $17.2B |
| TOTAL STOCKHOLDERS' EQUITY | $17.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.2B |
| TOTAL LIABILITIES & EQUITY | $47.6B |
| Total Debt | $5.4B |
| Net Debt | -$240M |
