| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42.6B | $43.7B | $38.2B | -2.5% | 11.7% |
| Op. Income | $4.3B | $4.5B | $4.0B | -5.1% | 6.6% |
| Gross Margin | 41.5% | 42.7% | 46.2% | -1.3pp | -4.7pp |
| Net Margin | 7.5% | 7.7% | 7.6% | -0.2pp | -0.1pp |
| EPS (Diluted) | $1.52 | $1.58 | $1.33 | -3.8% | 14.3% |
| Free Cash Flow | -$18.6B | -$12.4B | -$55.5B | -49.6% | 66.5% |
| Item | Amount |
|---|---|
| REVENUE | $42.6B |
| Cost of Revenue | $25.0B |
| GROSS PROFIT | $17.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $280M |
| General & Administrative | $6.9B |
| SG&A Expenses | $7.2B |
| Other Expenses | $6.2B |
| Operating Expenses | $13.4B |
| Cost & Expenses | $38.3B |
| OPERATING INCOME | $4.3B |
| Interest Income | $36.0B |
| Interest Expense | $22.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | -$19M |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $1.1B |
| EBIT | $4.3B |
| EBITDA | $5.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $42.6B |
| Cost of Revenue | $25.0B |
| GROSS PROFIT | $17.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $280M |
| General & Administrative | $6.9B |
| SG&A Expenses | $7.2B |
| Other Expenses | $6.2B |
| Operating Expenses | $13.4B |
| Cost & Expenses | $38.3B |
| OPERATING INCOME | $4.3B |
| Interest Income | $36.0B |
| Interest Expense | $22.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | -$19M |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $1.1B |
| EBIT | $4.3B |
| EBITDA | $5.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$605M |
| Other Non-Cash Items | $5.9B |
| Change in Working Capital | -$26.5B |
| OPERATING CASH FLOW | -$17.0B |
| Capital Expenditure | -$1.6B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$63.5B |
| Sales/Maturities of Investments | $66.7B |
| Other Investing Activities | $10.7B |
| NET CASH FROM INVESTING | $12.3B |
| Net Debt Issuance | $5.3B |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$23.2B |
| NET CASH FROM FINANCING | -$18.7B |
| FREE CASH FLOW | -$18.6B |
| Net Change in Cash | -$26.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $246.1B |
| Short-Term Investments | $246.5B |
| Net Receivables | $64.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $557.5B |
| PP&E (Net) | $29.4B |
| Goodwill | $19.7B |
| Intangible Assets | $4.2B |
| Long-Term Investments | $928.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $866.9B |
| TOTAL NON-CURRENT ASSETS | $1.8T |
| TOTAL ASSETS | $2.4T |
| Account Payables | $73.6B |
| Short-Term Debt | $343.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4T |
| TOTAL CURRENT LIABILITIES | $1.8T |
| Long-Term Debt | $280.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69.3B |
| TOTAL NON-CURRENT LIABILITIES | $349.6B |
| TOTAL LIABILITIES | $2.2T |
| Common Stock | $31M |
| Additional Paid-In Capital | $108.8B |
| Retained Earnings | $202.9B |
| Treasury Stock | -$74.8B |
| Accum. Other Comp. Income | -$46.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $208.3B |
| Minority Interest | $834M |
| TOTAL EQUITY | $209.1B |
| TOTAL LIABILITIES & EQUITY | $2.4T |
| Total Debt | $624.2B |
| Net Debt | $378.1B |
