| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.5B | — | $10.5B | — | 9.5% |
| Op. Income | $1.3B | — | $1.4B | — | -2.4% |
| Gross Margin | 35.7% | — | 36.5% | — | -0.8pp |
| Net Margin | 8.1% | — | 9.5% | — | -1.4pp |
| EPS (Diluted) | $2.02 | — | $2.17 | — | -7.0% |
| Free Cash Flow | $856M | — | $1.2B | — | -29.8% |
| Item | Amount |
|---|---|
| REVENUE | $11.5B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.9B |
| General & Administrative | $857M |
| SG&A Expenses | $2.7B |
| Other Expenses | $27M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $10.2B |
| OPERATING INCOME | $1.3B |
| Interest Income | $50M |
| Interest Expense | $152M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $274M |
| Net Income from Continuing Ops | $948M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $932M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $932M |
| D&A | $491M |
| EBIT | $1.4B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $11.5B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.9B |
| General & Administrative | $857M |
| SG&A Expenses | $2.7B |
| Other Expenses | $27M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $10.2B |
| OPERATING INCOME | $1.3B |
| Interest Income | $50M |
| Interest Expense | $152M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $274M |
| Net Income from Continuing Ops | $948M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $932M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $932M |
| D&A | $491M |
| EBIT | $1.4B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $932M |
| Depreciation & Amortization | $491M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $514M |
| Change in Working Capital | -$649M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$456M |
| Acquisitions (Net) | -$1.8B |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $350M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | -$1.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$401M |
| Other Financing Activities | $1.8B |
| NET CASH FROM FINANCING | $388M |
| FREE CASH FLOW | $856M |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $318M |
| Net Receivables | $3.6B |
| Inventory | $2.2B |
| Other Current Assets | $747M |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $7.5B |
| Goodwill | $5.6B |
| Intangible Assets | $15.1B |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $608M |
| TOTAL NON-CURRENT ASSETS | $28.7B |
| TOTAL ASSETS | $37.5B |
| Account Payables | $6.8B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $282M |
| TOTAL CURRENT LIABILITIES | $10.4B |
| Long-Term Debt | $11.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.2B |
| Other Non-Current Liabilities | $606M |
| TOTAL NON-CURRENT LIABILITIES | $16.6B |
| TOTAL LIABILITIES | $27.0B |
| Common Stock | $6M |
| Additional Paid-In Capital | $336M |
| Retained Earnings | $10.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$565M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $565M |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $37.5B |
| Total Debt | $14.2B |
| Net Debt | $12.3B |
