| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.8B | $4.6B | -3.2% | -20.5% |
| Op. Income | $581M | $865M | $1.1B | -32.8% | -49.3% |
| Gross Margin | 17.9% | 19.2% | 25.7% | -1.3pp | -7.8pp |
| Net Margin | 11.7% | 17.0% | 18.6% | -5.3pp | -6.9pp |
| EPS (Diluted) | $0.24 | $0.37 | $0.48 | -33.5% | -49.2% |
| Free Cash Flow | $394M | $198M | $576M | 99.3% | -31.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $660M |
| R&D Expenses | $0 |
| Selling & Marketing | $35M |
| General & Administrative | $78M |
| SG&A Expenses | $113M |
| Other Expenses | -$60M |
| Operating Expenses | $127M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $581M |
| Interest Income | $10M |
| Interest Expense | $9M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $496M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $432M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $430M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $430M |
| D&A | $152M |
| EBIT | $540M |
| EBITDA | $692M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $660M |
| R&D Expenses | $0 |
| Selling & Marketing | $35M |
| General & Administrative | $78M |
| SG&A Expenses | $113M |
| Other Expenses | -$60M |
| Operating Expenses | $127M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $581M |
| Interest Income | $10M |
| Interest Expense | $9M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $496M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $432M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $430M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $430M |
| D&A | $152M |
| EBIT | $540M |
| EBITDA | $692M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $432M |
| Depreciation & Amortization | $152M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $77M |
| Other Non-Cash Items | $339M |
| Change in Working Capital | -$114M |
| OPERATING CASH FLOW | $648M |
| Capital Expenditure | -$254M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $239.9K |
| NET CASH FROM INVESTING | -$244M |
| Net Debt Issuance | -$237M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$156M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$392M |
| FREE CASH FLOW | $394M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $515M |
| Short-Term Investments | $328M |
| Net Receivables | $1.1B |
| Inventory | $3.4B |
| Other Current Assets | $717M |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $4.4B |
| Goodwill | $2.2B |
| Intangible Assets | $87M |
| Long-Term Investments | $951M |
| Tax Assets | $393M |
| Other Non-Current Assets | $712M |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $14.9B |
| Account Payables | $1.3B |
| Short-Term Debt | $203M |
| Deferred Revenue | $303M |
| Other Current Liabilities | $302M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $207M |
| Deferred Tax Liabilities | $450M |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.1B |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | $1.3B |
| Other Equity | -$585M |
| TOTAL STOCKHOLDERS' EQUITY | $9.9B |
| Minority Interest | $36M |
| TOTAL EQUITY | $9.9B |
| TOTAL LIABILITIES & EQUITY | $14.9B |
| Total Debt | $2.4B |
| Net Debt | $1.9B |
