| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38.2B | $36.5B | — | 4.8% | — |
| Op. Income | $4.0B | $6.2B | — | -34.6% | — |
| Gross Margin | 46.2% | 50.6% | — | -4.4pp | — |
| Net Margin | 7.6% | 12.6% | — | -5.0pp | — |
| EPS (Diluted) | $1.33 | $2.19 | — | -39.3% | — |
| Free Cash Flow | -$55.5B | -$32.1B | — | -73.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $38.2B |
| Cost of Revenue | $20.6B |
| GROSS PROFIT | $17.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $361M |
| General & Administrative | $7.4B |
| SG&A Expenses | $7.8B |
| Other Expenses | $5.8B |
| Operating Expenses | $13.6B |
| Cost & Expenses | $34.1B |
| OPERATING INCOME | $4.0B |
| Interest Income | $32.6B |
| Interest Expense | $18.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | -$15M |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $1.1B |
| EBIT | $4.0B |
| EBITDA | $5.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $38.2B |
| Cost of Revenue | $20.6B |
| GROSS PROFIT | $17.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $361M |
| General & Administrative | $7.4B |
| SG&A Expenses | $7.8B |
| Other Expenses | $5.8B |
| Operating Expenses | $13.6B |
| Cost & Expenses | $34.1B |
| OPERATING INCOME | $4.0B |
| Interest Income | $32.6B |
| Interest Expense | $18.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | -$15M |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $1.1B |
| EBIT | $4.0B |
| EBITDA | $5.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.9B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$824M |
| Other Non-Cash Items | $4.8B |
| Change in Working Capital | -$62.1B |
| OPERATING CASH FLOW | -$54.1B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$61.6B |
| Sales/Maturities of Investments | $67.8B |
| Other Investing Activities | $41.0B |
| NET CASH FROM INVESTING | $45.8B |
| Net Debt Issuance | -$6.3B |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$8.2B |
| NET CASH FROM FINANCING | -$16.8B |
| FREE CASH FLOW | -$55.5B |
| Net Change in Cash | -$27.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $296.9B |
| Short-Term Investments | $225.6B |
| Net Receivables | $61.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $583.6B |
| PP&E (Net) | $27.8B |
| Goodwill | $20.0B |
| Intangible Assets | $4.6B |
| Long-Term Investments | $912.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $875.0B |
| TOTAL NON-CURRENT ASSETS | $1.8T |
| TOTAL ASSETS | $2.4T |
| Account Payables | $69.4B |
| Short-Term Debt | $300.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5T |
| TOTAL CURRENT LIABILITIES | $1.9T |
| Long-Term Debt | $274.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $79.3B |
| TOTAL NON-CURRENT LIABILITIES | $353.8B |
| TOTAL LIABILITIES | $2.2T |
| Common Stock | $31M |
| Additional Paid-In Capital | $108.6B |
| Retained Earnings | $200.0B |
| Treasury Stock | -$74.2B |
| Accum. Other Comp. Income | -$45.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $208.7B |
| Minority Interest | $703M |
| TOTAL EQUITY | $209.4B |
| TOTAL LIABILITIES & EQUITY | $2.4T |
| Total Debt | $575.0B |
| Net Debt | $278.1B |
