| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.2B | $7.3B | $8.1B | 13.0% | 1.0% |
| Op. Income | $527M | -$289M | -$341M | 282.4% | 254.5% |
| Gross Margin | 20.7% | 15.8% | 14.1% | 4.9pp | 6.6pp |
| Net Margin | 15.8% | -1.8% | -1.8% | 17.6pp | 17.6pp |
| EPS (Diluted) | $4.65 | $-0.48 | $-0.55 | 1068.8% | 945.5% |
| Free Cash Flow | $822M | -$661M | -$447M | 224.4% | 283.9% |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $237M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $938M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $527M |
| Interest Income | $81M |
| Interest Expense | $0 |
| Other Income/Expenses | $1.1B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $322M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $254M |
| EBIT | $527M |
| EBITDA | $781M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $237M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $938M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $527M |
| Interest Income | $81M |
| Interest Expense | $0 |
| Other Income/Expenses | $1.1B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $322M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $254M |
| EBIT | $527M |
| EBITDA | $781M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $254M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$825M |
| Change in Working Capital | $256M |
| OPERATING CASH FLOW | $979M |
| Capital Expenditure | -$157M |
| Acquisitions (Net) | $648M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $61M |
| NET CASH FROM INVESTING | $537M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $970M |
| NET CASH FROM FINANCING | $970M |
| FREE CASH FLOW | $822M |
| Net Change in Cash | $2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.8B |
| Short-Term Investments | $0 |
| Net Receivables | $15.1B |
| Inventory | $8.1B |
| Other Current Assets | $463M |
| TOTAL CURRENT ASSETS | $29.5B |
| PP&E (Net) | $5.2B |
| Goodwill | $4.4B |
| Intangible Assets | $925M |
| Long-Term Investments | $2.4B |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $4.3B |
| TOTAL NON-CURRENT ASSETS | $18.6B |
| TOTAL ASSETS | $48.1B |
| Account Payables | $4.7B |
| Short-Term Debt | $0 |
| Deferred Revenue | $16.5B |
| Other Current Liabilities | $7.8B |
| TOTAL CURRENT LIABILITIES | $29.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $674M |
| Other Non-Current Liabilities | $8.3B |
| TOTAL NON-CURRENT LIABILITIES | $8.9B |
| TOTAL LIABILITIES | $38.0B |
| Common Stock | $3M |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $982M |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $48.1B |
| Total Debt | $0 |
| Net Debt | -$5.8B |
