| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.9B | $11.7B | $15.3B | 10.5% | -15.5% |
| Op. Income | -$1.0B | -$1.5B | -$700M | 30.8% | -45.1% |
| Gross Margin | 35.8% | 34.2% | 36.5% | 1.6pp | -0.6pp |
| Net Margin | 11.4% | -23.5% | -3.0% | 35.0pp | 14.4pp |
| EPS (Diluted) | $0.35 | $-0.66 | $-0.11 | 153.0% | 418.2% |
| Free Cash Flow | -$3.1B | -$9.2B | -$6.4B | 66.5% | 52.2% |
| Item | Amount |
|---|---|
| REVENUE | $12.9B |
| Cost of Revenue | $8.3B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $4.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $200M |
| Operating Expenses | $5.7B |
| Cost & Expenses | $14.0B |
| OPERATING INCOME | -$1.0B |
| Interest Income | $313M |
| Interest Expense | $214M |
| Other Income/Expenses | $200M |
| INCOME BEFORE TAX | -$816M |
| Income Tax Expense | -$2.3B |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $2.3B |
| EBIT | -$602M |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $2.3B |
| Stock-Based Compensation | $922M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | $200M |
| Change in Working Capital | -$2.1B |
| OPERATING CASH FLOW | $2.8B |
| Capital Expenditure | -$5.9B |
| Acquisitions (Net) | $253M |
| Purchases of Investments | -$9.6B |
| Sales/Maturities of Investments | $12.8B |
| Other Investing Activities | -$393M |
| NET CASH FROM INVESTING | -$2.8B |
| Net Debt Issuance | -$81M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$524M |
| Other Financing Activities | -$192M |
| NET CASH FROM FINANCING | $117M |
| FREE CASH FLOW | -$3.1B |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.3B |
| Short-Term Investments | $15.9B |
| Net Receivables | $3.0B |
| Inventory | $12.0B |
| Other Current Assets | $4.1B |
| TOTAL CURRENT ASSETS | $43.4B |
| PP&E (Net) | $90.9B |
| Goodwill | $27.6B |
| Intangible Assets | $5.2B |
| Long-Term Investments | $5.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.7B |
| TOTAL NON-CURRENT ASSETS | $142.3B |
| TOTAL ASSETS | $185.6B |
| Account Payables | $8.8B |
| Short-Term Debt | $2.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.6B |
| TOTAL CURRENT LIABILITIES | $27.2B |
| Long-Term Debt | $46.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.6B |
| TOTAL NON-CURRENT LIABILITIES | $54.0B |
| TOTAL LIABILITIES | $81.2B |
| Common Stock | $34.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $67.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$544M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $101.0B |
| Minority Interest | $3.5B |
| TOTAL EQUITY | $104.5B |
| TOTAL LIABILITIES & EQUITY | $185.6B |
| Total Debt | $49.0B |
| Net Debt | $40.7B |
