| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $3.9B | $3.6B | 6.8% | 14.5% |
| Op. Income | $747M | $644M | $551M | 16.0% | 35.6% |
| Gross Margin | 62.7% | 61.8% | 63.2% | 0.9pp | -0.5pp |
| Net Margin | 7.9% | 12.8% | 7.5% | -4.9pp | 0.4pp |
| EPS (Diluted) | $0.22 | $0.33 | $0.18 | -34.7% | 21.8% |
| Free Cash Flow | $658M | -$81M | $452M | 912.3% | 45.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $383M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $9M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $747M |
| Interest Income | $0 |
| Interest Expense | $81M |
| Other Income/Expenses | -$327M |
| INCOME BEFORE TAX | $420M |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $324M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $324M |
| D&A | $311M |
| EBIT | $501M |
| EBITDA | $812M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $383M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $9M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $747M |
| Interest Income | $0 |
| Interest Expense | $81M |
| Other Income/Expenses | -$327M |
| INCOME BEFORE TAX | $420M |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $324M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $324M |
| D&A | $311M |
| EBIT | $501M |
| EBITDA | $812M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $324M |
| Depreciation & Amortization | $311M |
| Stock-Based Compensation | $195M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $202M |
| Change in Working Capital | -$209M |
| OPERATING CASH FLOW | $813M |
| Capital Expenditure | -$155M |
| Acquisitions (Net) | -$48M |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$271M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | $658M |
| Net Change in Cash | $566M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $2.6B |
| Other Current Assets | $755M |
| TOTAL CURRENT ASSETS | $9.0B |
| PP&E (Net) | $3.4B |
| Goodwill | $14.4B |
| Intangible Assets | $5.4B |
| Long-Term Investments | $589M |
| Tax Assets | $3.8B |
| Other Non-Current Assets | $546M |
| TOTAL NON-CURRENT ASSETS | $28.1B |
| TOTAL ASSETS | $37.1B |
| Account Payables | $906M |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $284M |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $5.6B |
| Long-Term Debt | $9.0B |
| Deferred Revenue NC | $316M |
| Deferred Tax Liabilities | $132M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $16.5B |
| Common Stock | $17M |
| Additional Paid-In Capital | $20.8B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | $164M |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $20.4B |
| Minority Interest | $238M |
| TOTAL EQUITY | $20.6B |
| TOTAL LIABILITIES & EQUITY | $37.1B |
| Total Debt | $10.9B |
| Net Debt | $8.0B |
