| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.0B | $4.6B | $5.0B | 7.7% | -0.4% |
| Op. Income | $869M | $801M | $761M | 8.4% | 14.1% |
| Gross Margin | 51.7% | 51.5% | 52.5% | 0.2pp | -0.9pp |
| Net Margin | 16.2% | 17.3% | 15.3% | -1.1pp | 0.9pp |
| EPS (Diluted) | $2.20 | $2.17 | $2.15 | 1.1% | 2.2% |
| Free Cash Flow | $915M | $611M | $1.2B | 49.7% | -21.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $860M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $833M |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $869M |
| Interest Income | $291M |
| Interest Expense | $108M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | $981M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $816M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $802M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $802M |
| D&A | $247M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $860M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $833M |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $869M |
| Interest Income | $291M |
| Interest Expense | $108M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | $981M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $816M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $802M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $802M |
| D&A | $247M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $802M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $422M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$309M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.4B |
| NET CASH FROM INVESTING | $2.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.3B |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $915M |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.4B |
| Short-Term Investments | $15.6B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $3.6B |
| TOTAL CURRENT ASSETS | $27.4B |
| PP&E (Net) | $5.9B |
| Goodwill | $3.3B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $17.3B |
| Tax Assets | $342M |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $33.4B |
| TOTAL ASSETS | $60.7B |
| Account Payables | $5.6B |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.8B |
| Long-Term Debt | $7.5B |
| Deferred Revenue NC | $118M |
| Deferred Tax Liabilities | $430M |
| Other Non-Current Liabilities | $277M |
| TOTAL NON-CURRENT LIABILITIES | $9.0B |
| TOTAL LIABILITIES | $20.8B |
| Common Stock | $36.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36.9B |
| Minority Interest | $2.9B |
| TOTAL EQUITY | $39.9B |
| TOTAL LIABILITIES & EQUITY | $60.7B |
| Total Debt | $12.1B |
| Net Debt | $5.7B |
