| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.6B | — | $18.1B | — | -8.2% |
| Op. Income | $5.7B | — | $8.0B | — | -28.3% |
| Gross Margin | 82.5% | — | 83.3% | — | -0.8pp |
| Net Margin | 36.4% | — | 29.5% | — | 6.9pp |
| EPS (Diluted) | $2.70 | — | $2.37 | — | 13.6% |
| Free Cash Flow | $4.1B | — | $4.4B | — | -6.6% |
| Item | Amount |
|---|---|
| REVENUE | $16.6B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $13.7B |
| R&D Expenses | $227M |
| Selling & Marketing | $0 |
| General & Administrative | $2.8B |
| SG&A Expenses | $1.9B |
| Other Expenses | $5.9B |
| Operating Expenses | $8.0B |
| Cost & Expenses | $10.9B |
| OPERATING INCOME | $5.7B |
| Interest Income | $321M |
| Interest Expense | $2.4B |
| Other Income/Expenses | $1.8B |
| INCOME BEFORE TAX | $7.6B |
| Income Tax Expense | $1.4B |
| Net Income from Continuing Ops | $6.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.0B |
| D&A | $2.2B |
| EBIT | $5.7B |
| EBITDA | $7.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $16.6B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $13.7B |
| R&D Expenses | $227M |
| Selling & Marketing | $0 |
| General & Administrative | $2.8B |
| SG&A Expenses | $1.9B |
| Other Expenses | $5.9B |
| Operating Expenses | $8.0B |
| Cost & Expenses | $10.9B |
| OPERATING INCOME | $5.7B |
| Interest Income | $321M |
| Interest Expense | $2.4B |
| Other Income/Expenses | $1.8B |
| INCOME BEFORE TAX | $7.6B |
| Income Tax Expense | $1.4B |
| Net Income from Continuing Ops | $6.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.0B |
| D&A | $2.2B |
| EBIT | $5.7B |
| EBITDA | $7.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $6.1B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$102M |
| Change in Working Capital | -$2.8B |
| OPERATING CASH FLOW | $4.3B |
| Capital Expenditure | -$156M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3.8B |
| NET CASH FROM INVESTING | $3.6B |
| Net Debt Issuance | $2.3B |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | -$3.5B |
| Other Financing Activities | -$2.1B |
| NET CASH FROM FINANCING | -$4.5B |
| FREE CASH FLOW | $4.1B |
| Net Change in Cash | $7.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.0B |
| Short-Term Investments | $938M |
| Net Receivables | $4.9B |
| Inventory | $7.2B |
| Other Current Assets | $365M |
| TOTAL CURRENT ASSETS | $21.4B |
| PP&E (Net) | $6.0B |
| Goodwill | $0 |
| Intangible Assets | $127.7B |
| Long-Term Investments | $2.8B |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $139.5B |
| TOTAL ASSETS | $160.9B |
| Account Payables | $12.2B |
| Short-Term Debt | $9.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $708M |
| TOTAL CURRENT LIABILITIES | $24.3B |
| Long-Term Debt | $43.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16.0B |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $63.2B |
| TOTAL LIABILITIES | $87.5B |
| Common Stock | $794M |
| Additional Paid-In Capital | $35.9B |
| Retained Earnings | $35.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $73.0B |
| Minority Interest | $483M |
| TOTAL EQUITY | $73.4B |
| TOTAL LIABILITIES & EQUITY | $160.9B |
| Total Debt | $54.4B |
| Net Debt | $46.4B |