| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.5B | — | $8.7B | — | 43.0% |
| Op. Income | $3.0B | — | $4.0B | — | -26.0% |
| Gross Margin | 62.3% | — | 70.0% | — | -7.7pp |
| Net Margin | 17.0% | — | 39.9% | — | -22.9pp |
| EPS (Diluted) | $0.44 | — | $0.82 | — | -46.3% |
| Free Cash Flow | $4.4B | — | $4.4B | — | 1.6% |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $1.1B |
| Operating Expenses | $4.8B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $3.0B |
| Interest Income | $0 |
| Interest Expense | $1.0B |
| Other Income/Expenses | -$960M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | -$116M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $2.5B |
| EBIT | $3.1B |
| EBITDA | $5.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $1.1B |
| Operating Expenses | $4.8B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $3.0B |
| Interest Income | $0 |
| Interest Expense | $1.0B |
| Other Income/Expenses | -$960M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | -$116M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $2.5B |
| EBIT | $3.1B |
| EBITDA | $5.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2.1B |
| Depreciation & Amortization | $2.5B |
| Stock-Based Compensation | $1.5B |
| Deferred Income Tax | -$511M |
| Other Non-Cash Items | $211M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $4.6B |
| Capital Expenditure | -$132M |
| Acquisitions (Net) | -$560M |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$706M |
| Net Debt Issuance | -$2.0B |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$2.4B |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$5.9B |
| FREE CASH FLOW | $4.4B |
| Net Change in Cash | -$2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.8B |
| Short-Term Investments | $0 |
| Net Receivables | $5.5B |
| Inventory | $1.8B |
| Other Current Assets | $6.4B |
| TOTAL CURRENT ASSETS | $25.3B |
| PP&E (Net) | $2.7B |
| Goodwill | $97.9B |
| Intangible Assets | $45.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $149.9B |
| TOTAL ASSETS | $175.2B |
| Account Payables | $1.4B |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $10.5B |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $20.2B |
| Long-Term Debt | $71.6B |
| Deferred Revenue NC | $6.2B |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $5.1B |
| TOTAL NON-CURRENT LIABILITIES | $85.1B |
| TOTAL LIABILITIES | $105.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $69.8B |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $207M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $70.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $70.0B |
| TOTAL LIABILITIES & EQUITY | $175.2B |
| Total Debt | $74.0B |
| Net Debt | $64.2B |
