| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.1B | $6.7B | $7.0B | 6.4% | 1.6% |
| Op. Income | $277M | $430M | $786M | -35.6% | -64.7% |
| Gross Margin | 38.3% | 39.8% | 42.2% | -1.6pp | -3.9pp |
| Net Margin | -1.1% | 2.4% | 7.2% | -3.5pp | -8.3pp |
| EPS (Diluted) | $-0.02 | $0.05 | $0.15 | -146.7% | -114.9% |
| Free Cash Flow | -$413M | -$727M | $609M | 43.1% | -167.9% |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $277M |
| Interest Income | $71M |
| Interest Expense | $104M |
| Other Income/Expenses | -$358M |
| INCOME BEFORE TAX | -$81M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$76M |
| D&A | $285M |
| EBIT | $17M |
| EBITDA | $302M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$76M |
| Depreciation & Amortization | $285M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$114M |
| Change in Working Capital | -$418M |
| OPERATING CASH FLOW | -$323M |
| Capital Expenditure | -$90M |
| Acquisitions (Net) | -$97M |
| Purchases of Investments | -$239M |
| Sales/Maturities of Investments | $456M |
| Other Investing Activities | -$237M |
| NET CASH FROM INVESTING | -$270M |
| Net Debt Issuance | -$202M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$514M |
| Other Financing Activities | -$75M |
| NET CASH FROM FINANCING | -$792M |
| FREE CASH FLOW | -$413M |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $920M |
| Net Receivables | $9.1B |
| Inventory | $5.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17.6B |
| PP&E (Net) | $2.3B |
| Goodwill | $9.6B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $1.9B |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $19.5B |
| TOTAL ASSETS | $37.1B |
| Account Payables | $3.8B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $4.8B |
| Other Current Liabilities | $5.7B |
| TOTAL CURRENT LIABILITIES | $16.0B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $528M |
| Other Non-Current Liabilities | $3.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $22.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $14.5B |
| TOTAL STOCKHOLDERS' EQUITY | $14.5B |
| Minority Interest | -$164M |
| TOTAL EQUITY | $14.3B |
| TOTAL LIABILITIES & EQUITY | $37.1B |
| Total Debt | $4.6B |
| Net Debt | $2.2B |
