| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39.8B | $40.4B | $37.6B | -1.4% | 5.9% |
| Op. Income | $1.2B | $1.1B | $1.2B | 11.1% | 5.0% |
| Gross Margin | 11.1% | 11.5% | 12.0% | -0.4pp | -0.9pp |
| Net Margin | 2.9% | 2.9% | 2.8% | -0.0pp | 0.1pp |
| EPS (Diluted) | $2.16 | $2.16 | $1.92 | 0.0% | 12.5% |
| Free Cash Flow | $2.0B | -$607M | $2.3B | 427.7% | -14.7% |
| Item | Amount |
|---|---|
| REVENUE | $39.8B |
| Cost of Revenue | $35.4B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.9B |
| Other Expenses | $306M |
| Operating Expenses | $3.2B |
| Cost & Expenses | $38.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $176M |
| Other Income/Expenses | $287M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $370M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $306M |
| EBIT | $1.7B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $39.8B |
| Cost of Revenue | $35.4B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.9B |
| Other Expenses | $306M |
| Operating Expenses | $3.2B |
| Cost & Expenses | $38.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $176M |
| Other Income/Expenses | $287M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $370M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $306M |
| EBIT | $1.7B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $306M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$64M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $739M |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$186M |
| Acquisitions (Net) | $80M |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$378M |
| Common Stock Repurchased | -$803M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17.6B |
| Short-Term Investments | $2.6B |
| Net Receivables | $16.6B |
| Inventory | $0 |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $38.4B |
| PP&E (Net) | $2.0B |
| Goodwill | $17.6B |
| Intangible Assets | $5.8B |
| Long-Term Investments | $16.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $44.7B |
| TOTAL ASSETS | $83.1B |
| Account Payables | $12.2B |
| Short-Term Debt | $112M |
| Deferred Revenue | $597M |
| Other Current Liabilities | $18.2B |
| TOTAL CURRENT LIABILITIES | $32.7B |
| Long-Term Debt | $17.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $665M |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $23.0B |
| TOTAL LIABILITIES | $55.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $20.5B |
| Retained Earnings | $14.4B |
| Treasury Stock | -$6.8B |
| Accum. Other Comp. Income | -$646M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.4B |
| Minority Interest | $106M |
| TOTAL EQUITY | $27.5B |
| TOTAL LIABILITIES & EQUITY | $83.1B |
| Total Debt | $17.6B |
| Net Debt | $23M |
