| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $5.8B | $5.6B | 2.6% | 5.6% |
| Op. Income | $454M | $409M | $508M | 10.9% | -10.6% |
| Gross Margin | 36.1% | 34.9% | 35.0% | 1.2pp | 1.1pp |
| Net Margin | 5.8% | 5.3% | 6.6% | 0.6pp | -0.8pp |
| EPS (Diluted) | $2.44 | $2.14 | $2.62 | 14.0% | -6.9% |
| Free Cash Flow | $142M | $109M | $317M | 30.0% | -55.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $99M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $454M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $194.0K |
| INCOME BEFORE TAX | $454M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $344M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $344M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $344M |
| D&A | $91M |
| EBIT | $471M |
| EBITDA | $561M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $99M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $454M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $194.0K |
| INCOME BEFORE TAX | $454M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $344M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $344M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $344M |
| D&A | $91M |
| EBIT | $471M |
| EBITDA | $561M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $344M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$198M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | -$117M |
| Acquisitions (Net) | -$66M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$181M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | -$67M |
| Common Dividends Paid | -$134M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$200M |
| FREE CASH FLOW | $142M |
| Net Change in Cash | -$121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $530M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $4.5B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $9.1B |
| PP&E (Net) | $2.6B |
| Goodwill | $2.6B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $869M |
| TOTAL NON-CURRENT ASSETS | $7.9B |
| TOTAL ASSETS | $16.9B |
| Account Payables | $5.6B |
| Short-Term Debt | $418M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $7.9B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $398M |
| Other Non-Current Liabilities | $710M |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $12.9B |
| Common Stock | $140M |
| Additional Paid-In Capital | $154M |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $15M |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $16.9B |
| Total Debt | $4.3B |
| Net Debt | $3.7B |
