| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.1B | $4.0B | 7.5% | 11.7% |
| Op. Income | $420M | $525M | $670M | -20.0% | -37.3% |
| Gross Margin | 33.7% | 36.4% | 36.9% | -2.8pp | -3.2pp |
| Net Margin | 8.5% | 9.4% | 12.9% | -0.9pp | -4.3pp |
| EPS (Diluted) | $0.32 | $0.32 | $0.42 | -2.5% | -25.0% |
| Free Cash Flow | $1.7B | -$427M | $2.2B | 490.4% | -23.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $851M |
| Other Expenses | $219M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $420M |
| Interest Income | $497M |
| Interest Expense | $185M |
| Other Income/Expenses | $85M |
| INCOME BEFORE TAX | $505M |
| Income Tax Expense | $118M |
| Net Income from Continuing Ops | $387M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $509M |
| EBIT | $517M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $851M |
| Other Expenses | $219M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $420M |
| Interest Income | $497M |
| Interest Expense | $185M |
| Other Income/Expenses | $85M |
| INCOME BEFORE TAX | $505M |
| Income Tax Expense | $118M |
| Net Income from Continuing Ops | $387M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $509M |
| EBIT | $517M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $378M |
| Depreciation & Amortization | $533M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $591M |
| Change in Working Capital | $275M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | -$2.3B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $74M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | -$143M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$132M |
| NET CASH FROM FINANCING | -$267M |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $320M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.8B |
| Short-Term Investments | $35M |
| Net Receivables | $33.8B |
| Inventory | $968M |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $42.2B |
| PP&E (Net) | $5.1B |
| Goodwill | $3.4B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $24.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.8B |
| TOTAL NON-CURRENT ASSETS | $50.5B |
| TOTAL ASSETS | $92.6B |
| Account Payables | $1.6B |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $7.2B |
| Long-Term Debt | $31.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32.8B |
| TOTAL NON-CURRENT LIABILITIES | $63.8B |
| TOTAL LIABILITIES | $71.0B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $18.6B |
| Treasury Stock | -$918M |
| Accum. Other Comp. Income | $213M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.0B |
| Minority Interest | $673M |
| TOTAL EQUITY | $21.6B |
| TOTAL LIABILITIES & EQUITY | $92.6B |
| Total Debt | $33.9B |
| Net Debt | $28.1B |
