| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.6B | $13.6B | $12.7B | -0.3% | 6.9% |
| Op. Income | $3.3B | $3.5B | $3.5B | -7.0% | -5.6% |
| Gross Margin | 62.0% | 61.2% | 63.3% | 0.8pp | -1.3pp |
| Net Margin | 20.4% | 19.6% | 23.4% | 0.8pp | -3.0pp |
| EPS (Diluted) | $0.67 | $0.65 | $0.71 | 3.1% | -5.6% |
| Free Cash Flow | $4.6B | $3.8B | $2.4B | 20.7% | 94.3% |
| Item | Amount |
|---|---|
| REVENUE | $13.6B |
| Cost of Revenue | $5.2B |
| GROSS PROFIT | $8.4B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $2.4B |
| General & Administrative | $582M |
| SG&A Expenses | $3.0B |
| Other Expenses | $314M |
| Operating Expenses | $5.1B |
| Cost & Expenses | $10.3B |
| OPERATING INCOME | $3.3B |
| Interest Income | $219M |
| Interest Expense | $107M |
| Other Income/Expenses | $123M |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $642M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $438M |
| EBIT | $3.5B |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.6B |
| Cost of Revenue | $5.2B |
| GROSS PROFIT | $8.4B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $2.4B |
| General & Administrative | $582M |
| SG&A Expenses | $3.0B |
| Other Expenses | $314M |
| Operating Expenses | $5.1B |
| Cost & Expenses | $10.3B |
| OPERATING INCOME | $3.3B |
| Interest Income | $219M |
| Interest Expense | $107M |
| Other Income/Expenses | $123M |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $642M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $438M |
| EBIT | $3.5B |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.8B |
| Depreciation & Amortization | $438M |
| Stock-Based Compensation | $601M |
| Deferred Income Tax | -$479M |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | $1.4B |
| OPERATING CASH FLOW | $4.7B |
| Capital Expenditure | -$170M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$1.9B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$494M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$286M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $4.6B |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.0B |
| Short-Term Investments | $13.1B |
| Net Receivables | $8.8B |
| Inventory | $3.1B |
| Other Current Assets | $4.5B |
| TOTAL CURRENT ASSETS | $38.5B |
| PP&E (Net) | $2.0B |
| Goodwill | $38.4B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $5.3B |
| Other Non-Current Assets | $9.5B |
| TOTAL NON-CURRENT ASSETS | $57.3B |
| TOTAL ASSETS | $95.8B |
| Account Payables | $2.3B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $13.1B |
| Other Current Liabilities | $8.4B |
| TOTAL CURRENT LIABILITIES | $27.3B |
| Long-Term Debt | $7.6B |
| Deferred Revenue NC | $10.8B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.7B |
| TOTAL NON-CURRENT LIABILITIES | $27.1B |
| TOTAL LIABILITIES | $54.4B |
| Common Stock | $43.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$364M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $41.5B |
| TOTAL LIABILITIES & EQUITY | $95.8B |
| Total Debt | $8.9B |
| Net Debt | -$122M |
