| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | $6.7B | $6.6B | 4.0% | 5.4% |
| Op. Income | $2.6B | -$4.3B | $1.7B | 161.2% | 58.8% |
| Gross Margin | 77.8% | 76.8% | 78.1% | 1.0pp | -0.4pp |
| Net Margin | 23.2% | -62.4% | 15.8% | 85.6pp | 7.4pp |
| EPS (Diluted) | $1.29 | $-3.34 | $0.83 | 138.6% | 55.4% |
| Free Cash Flow | $1.2B | $2.1B | $2.2B | -43.5% | -45.7% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $805M |
| General & Administrative | $572M |
| SG&A Expenses | $1.4B |
| Other Expenses | $37M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $2.6B |
| Interest Income | $35M |
| Interest Expense | $237M |
| Other Income/Expenses | -$591M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $438M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $694M |
| EBIT | $2.3B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $805M |
| General & Administrative | $572M |
| SG&A Expenses | $1.4B |
| Other Expenses | $37M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $2.6B |
| Interest Income | $35M |
| Interest Expense | $237M |
| Other Income/Expenses | -$591M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $438M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $694M |
| EBIT | $2.3B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $694M |
| Stock-Based Compensation | $210M |
| Deferred Income Tax | -$166M |
| Other Non-Cash Items | $519M |
| Change in Working Capital | -$1.5B |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$130M |
| Acquisitions (Net) | -$152M |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$307M |
| Net Debt Issuance | -$1.9B |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$972M |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$3.0B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $1.4B |
| Net Receivables | $4.7B |
| Inventory | $2.0B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $12.3B |
| PP&E (Net) | $5.3B |
| Goodwill | $8.3B |
| Intangible Assets | $22.8B |
| Long-Term Investments | $710M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.1B |
| TOTAL NON-CURRENT ASSETS | $41.3B |
| TOTAL ASSETS | $53.6B |
| Account Payables | $537M |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $10.8B |
| Long-Term Debt | $21.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $907M |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $24.6B |
| TOTAL LIABILITIES | $35.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | $11.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $93M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.3B |
| Minority Interest | -$84M |
| TOTAL EQUITY | $18.2B |
| TOTAL LIABILITIES & EQUITY | $53.6B |
| Total Debt | $23.4B |
| Net Debt | $20.6B |
