| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.8B | $14.7B | $13.6B | -12.8% | -5.9% |
| Op. Income | $3.1B | $4.3B | $3.3B | -27.6% | -6.0% |
| Gross Margin | 64.2% | 65.2% | 62.0% | -0.9pp | 2.2pp |
| Net Margin | 20.6% | 24.8% | 20.4% | -4.2pp | 0.2pp |
| EPS (Diluted) | $0.65 | $0.89 | $0.67 | -27.0% | -3.0% |
| Free Cash Flow | $638M | $2.2B | $4.6B | -71.5% | -86.0% |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $8.2B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $2.5B |
| General & Administrative | $642M |
| SG&A Expenses | $3.1B |
| Other Expenses | $78M |
| Operating Expenses | $5.1B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $3.1B |
| Interest Income | $324M |
| Interest Expense | $120M |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | $3.2B |
| Income Tax Expense | $527M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $422M |
| EBIT | $3.3B |
| EBITDA | $3.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $8.2B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $2.5B |
| General & Administrative | $642M |
| SG&A Expenses | $3.1B |
| Other Expenses | $78M |
| Operating Expenses | $5.1B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $3.1B |
| Interest Income | $324M |
| Interest Expense | $120M |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | $3.2B |
| Income Tax Expense | $527M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $422M |
| EBIT | $3.3B |
| EBITDA | $3.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.6B |
| Depreciation & Amortization | $422M |
| Stock-Based Compensation | $802M |
| Deferred Income Tax | -$303M |
| Other Non-Cash Items | $124M |
| Change in Working Capital | -$2.9B |
| OPERATING CASH FLOW | $808M |
| Capital Expenditure | -$170M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$440M |
| Sales/Maturities of Investments | $2.8B |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $2.2B |
| Net Debt Issuance | $3.9B |
| Common Stock Repurchased | -$1.6B |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $638M |
| Net Change in Cash | $4.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.7B |
| Short-Term Investments | $12.0B |
| Net Receivables | $8.4B |
| Inventory | $3.2B |
| Other Current Assets | $4.9B |
| TOTAL CURRENT ASSETS | $42.1B |
| PP&E (Net) | $2.0B |
| Goodwill | $39.1B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $7.3B |
| Other Non-Current Assets | $8.9B |
| TOTAL NON-CURRENT ASSETS | $59.0B |
| TOTAL ASSETS | $101.2B |
| Account Payables | $1.8B |
| Short-Term Debt | $4.9B |
| Deferred Revenue | $14.0B |
| Other Current Liabilities | $8.2B |
| TOTAL CURRENT LIABILITIES | $30.9B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $11.8B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.6B |
| TOTAL NON-CURRENT LIABILITIES | $24.1B |
| TOTAL LIABILITIES | $54.9B |
| Common Stock | $45.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $46.3B |
| TOTAL LIABILITIES & EQUITY | $101.2B |
| Total Debt | $11.6B |
| Net Debt | -$2.1B |
