| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.0B | $4.7B | $4.8B | 7.2% | 4.6% |
| Op. Income | $734M | $439M | $628M | 67.2% | 16.9% |
| Gross Margin | 45.7% | 43.1% | 46.4% | 2.6pp | -0.7pp |
| Net Margin | 10.6% | 6.0% | 9.5% | 4.7pp | 1.1pp |
| EPS (Diluted) | $1.85 | $0.96 | $1.53 | 92.7% | 20.9% |
| Free Cash Flow | $381M | $725M | $3M | -47.4% | 12600.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $299M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $78M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $734M |
| Interest Income | $26M |
| Interest Expense | $125M |
| Other Income/Expenses | -$101M |
| INCOME BEFORE TAX | $633M |
| Income Tax Expense | $96M |
| Net Income from Continuing Ops | $537M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $537M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $537M |
| D&A | $571M |
| EBIT | $758M |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $299M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $78M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $734M |
| Interest Income | $26M |
| Interest Expense | $125M |
| Other Income/Expenses | -$101M |
| INCOME BEFORE TAX | $633M |
| Income Tax Expense | $96M |
| Net Income from Continuing Ops | $537M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $537M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $537M |
| D&A | $571M |
| EBIT | $758M |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $537M |
| Depreciation & Amortization | $571M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | -$58M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$590M |
| OPERATING CASH FLOW | $515M |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$815M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$107M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $2.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$275M |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $1.7B |
| FREE CASH FLOW | $381M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $827M |
| Net Receivables | $2.6B |
| Inventory | $3.2B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $10.3B |
| PP&E (Net) | $6.6B |
| Goodwill | $24.6B |
| Intangible Assets | $10.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $43.8B |
| TOTAL ASSETS | $54.2B |
| Account Payables | $4.9B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $440M |
| TOTAL CURRENT LIABILITIES | $7.3B |
| Long-Term Debt | $16.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.2B |
| TOTAL NON-CURRENT LIABILITIES | $21.2B |
| TOTAL LIABILITIES | $28.5B |
| Common Stock | $371M |
| Additional Paid-In Capital | $19.8B |
| Retained Earnings | $15.8B |
| Treasury Stock | -$8.8B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $26M |
| TOTAL STOCKHOLDERS' EQUITY | $25.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.6B |
| TOTAL LIABILITIES & EQUITY | $54.2B |
| Total Debt | $18.0B |
| Net Debt | $15.7B |
