| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $5.9B | $5.2B | 2.3% | 15.4% |
| Op. Income | $672M | $653M | $554M | 2.9% | 21.3% |
| Gross Margin | 11.9% | 11.8% | 9.0% | 0.1pp | 2.9pp |
| Net Margin | 9.1% | 9.1% | 8.5% | -0.0pp | 0.6pp |
| EPS (Diluted) | $1.73 | $1.66 | $1.32 | 4.2% | 31.1% |
| Free Cash Flow | -$99M | $822M | $928M | -112.0% | -110.7% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $715M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $43M |
| Operating Expenses | $43M |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $672M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $672M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $547M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $547M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $542M |
| D&A | $129M |
| EBIT | $672M |
| EBITDA | $801M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $715M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $43M |
| Operating Expenses | $43M |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $672M |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $672M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $547M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $547M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $542M |
| D&A | $129M |
| EBIT | $672M |
| EBITDA | $801M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $547M |
| Depreciation & Amortization | $129M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48M |
| Change in Working Capital | -$773M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$221M |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $2.3B |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | $499M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$350M |
| Common Dividends Paid | -$134M |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | -$459M |
| FREE CASH FLOW | -$99M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $150M |
| Short-Term Investments | $3.2B |
| Net Receivables | $5.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.0B |
| PP&E (Net) | $884M |
| Goodwill | $1.9B |
| Intangible Assets | $743M |
| Long-Term Investments | $46.5B |
| Tax Assets | $1.3B |
| Other Non-Current Assets | -$46.5B |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $73.9B |
| Account Payables | $647M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $647M |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $54.7B |
| TOTAL NON-CURRENT LIABILITIES | $59.1B |
| TOTAL LIABILITIES | $59.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $17.9B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$3.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.2B |
| TOTAL LIABILITIES & EQUITY | $73.9B |
| Total Debt | $4.4B |
| Net Debt | $4.2B |
