| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.8B | $13.2B | — | -2.9% | — |
| Op. Income | $952M | $935M | — | 1.8% | — |
| Gross Margin | 23.6% | 21.9% | — | 1.7pp | — |
| Net Margin | 4.7% | 4.7% | — | 0.0pp | — |
| EPS (Diluted) | $0.61 | $0.62 | — | -1.6% | — |
| Free Cash Flow | $462M | -$37M | — | 1348.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $9.8B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $436M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $173M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $11.8B |
| OPERATING INCOME | $952M |
| Interest Income | $0 |
| Interest Expense | $162M |
| Other Income/Expenses | -$155M |
| INCOME BEFORE TAX | $797M |
| Income Tax Expense | $190M |
| Net Income from Continuing Ops | $607M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $607M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $607M |
| D&A | $209M |
| EBIT | $959M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $9.8B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $436M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $173M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $11.8B |
| OPERATING INCOME | $952M |
| Interest Income | $0 |
| Interest Expense | $162M |
| Other Income/Expenses | -$155M |
| INCOME BEFORE TAX | $797M |
| Income Tax Expense | $190M |
| Net Income from Continuing Ops | $607M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $607M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $607M |
| D&A | $209M |
| EBIT | $959M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $607M |
| Depreciation & Amortization | $209M |
| Stock-Based Compensation | $94M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $78M |
| Change in Working Capital | -$412M |
| OPERATING CASH FLOW | $581M |
| Capital Expenditure | -$119M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $70M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$59M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$269M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$432M |
| FREE CASH FLOW | $462M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $0 |
| Net Receivables | $7.0B |
| Inventory | $7.5B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $18.6B |
| PP&E (Net) | $3.9B |
| Goodwill | $8.6B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $3.2B |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $18.8B |
| TOTAL ASSETS | $37.4B |
| Account Payables | $14.4B |
| Short-Term Debt | $265M |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $7.0B |
| TOTAL CURRENT LIABILITIES | $24.8B |
| Long-Term Debt | $9.3B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $13.5B |
| TOTAL LIABILITIES | $38.3B |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$332M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$916M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$916M |
| TOTAL LIABILITIES & EQUITY | $37.4B |
| Total Debt | $10.8B |
| Net Debt | $8.4B |
