| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.7B | — | 10.7% | — |
| Op. Income | $800M | $1.1B | — | -26.3% | — |
| Gross Margin | 32.7% | 30.7% | — | 2.0pp | — |
| Net Margin | 11.6% | 17.4% | — | -5.8pp | — |
| EPS (Diluted) | $1.01 | $1.35 | — | -25.2% | — |
| Free Cash Flow | $676M | $298M | — | 127.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $894M |
| Other Expenses | $11M |
| Operating Expenses | $905M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $800M |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $755M |
| Income Tax Expense | $147M |
| Net Income from Continuing Ops | $608M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $606M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $606M |
| D&A | $140M |
| EBIT | $811M |
| EBITDA | $951M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $894M |
| Other Expenses | $11M |
| Operating Expenses | $905M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $800M |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $755M |
| Income Tax Expense | $147M |
| Net Income from Continuing Ops | $608M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $606M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $606M |
| D&A | $140M |
| EBIT | $811M |
| EBITDA | $951M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $608M |
| Depreciation & Amortization | $140M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$57M |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | $145M |
| OPERATING CASH FLOW | $812M |
| Capital Expenditure | -$136M |
| Acquisitions (Net) | -$800.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | $65M |
| Common Stock Repurchased | -$401M |
| Common Dividends Paid | -$323M |
| Other Financing Activities | $37M |
| NET CASH FROM FINANCING | -$621M |
| FREE CASH FLOW | $676M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $644M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $2.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $3.4B |
| Goodwill | $14.5B |
| Intangible Assets | $7.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $26.0B |
| TOTAL ASSETS | $31.3B |
| Account Payables | $4.0B |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $9.2B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $930M |
| TOTAL NON-CURRENT LIABILITIES | $11.7B |
| TOTAL LIABILITIES | $20.9B |
| Common Stock | $76M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $19.0B |
| Treasury Stock | -$8.0B |
| Accum. Other Comp. Income | -$2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.1B |
| Minority Interest | $251M |
| TOTAL EQUITY | $10.4B |
| TOTAL LIABILITIES & EQUITY | $31.3B |
| Total Debt | $11.7B |
| Net Debt | $11.1B |
