| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.0B | $11.8B | $17.2B | 26.6% | -12.6% |
| Op. Income | $3.7B | $2.7B | $4.2B | 38.7% | -11.3% |
| Gross Margin | 38.9% | 39.2% | 37.5% | -0.3pp | 1.5pp |
| Net Margin | 15.8% | 14.8% | 16.7% | 1.0pp | -0.9pp |
| EPS (Diluted) | $8.53 | $6.23 | $9.65 | 36.9% | -11.6% |
| Free Cash Flow | $580M | -$1.7B | $98M | 133.6% | 491.8% |
| Item | Amount |
|---|---|
| REVENUE | $15.0B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $565M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $295M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $11.3B |
| OPERATING INCOME | $3.7B |
| Interest Income | $0 |
| Interest Expense | $836M |
| Other Income/Expenses | -$596M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $751M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $525M |
| EBIT | $4.0B |
| EBITDA | $4.5B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| REVENUE | $15.0B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $565M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $295M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $11.3B |
| OPERATING INCOME | $3.7B |
| Interest Income | $0 |
| Interest Expense | $836M |
| Other Income/Expenses | -$596M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $751M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $525M |
| EBIT | $4.0B |
| EBITDA | $4.5B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $525M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | -$147M |
| Other Non-Cash Items | $190M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$203M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$2.9B |
| Net Debt Issuance | $3.0B |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$410M |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | $1.5B |
| FREE CASH FLOW | $580M |
| Net Change in Cash | $427M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.6B |
| Short-Term Investments | $1.1B |
| Net Receivables | $64.0B |
| Inventory | $8.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $79.0B |
| PP&E (Net) | $14.0B |
| Goodwill | $3.9B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $1.9B |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $26.6B |
| TOTAL ASSETS | $105.6B |
| Account Payables | $3.0B |
| Short-Term Debt | $24.6B |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $37.7B |
| Long-Term Debt | $41.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $491M |
| Other Non-Current Liabilities | $3.7B |
| TOTAL NON-CURRENT LIABILITIES | $45.1B |
| TOTAL LIABILITIES | $82.8B |
| Common Stock | $5.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $54.2B |
| Treasury Stock | -$33.8B |
| Accum. Other Comp. Income | -$3.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.7B |
| Minority Interest | $102M |
| TOTAL EQUITY | $22.8B |
| TOTAL LIABILITIES & EQUITY | $105.6B |
| Total Debt | $65.9B |
| Net Debt | $60.4B |
