| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.7B | $6.5B | $6.6B | 3.6% | 2.5% |
| Op. Income | $1.4B | $1.2B | $542M | 10.7% | 153.9% |
| Gross Margin | 33.6% | 32.6% | 30.3% | 1.1pp | 3.4pp |
| Net Margin | 14.9% | 12.9% | 4.0% | 2.0pp | 10.8pp |
| EPS (Diluted) | $0.81 | $0.68 | $0.21 | 19.1% | 285.7% |
| Free Cash Flow | $856M | $220M | $81M | 289.1% | 956.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $857M |
| SG&A Expenses | $857M |
| Other Expenses | $28M |
| Operating Expenses | $885M |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $1.4B |
| Interest Income | $10M |
| Interest Expense | $228M |
| Other Income/Expenses | -$204M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $174M |
| Net Income from Continuing Ops | $998M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $216M |
| EBIT | $1.4B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $857M |
| SG&A Expenses | $857M |
| Other Expenses | $28M |
| Operating Expenses | $885M |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $1.4B |
| Interest Income | $10M |
| Interest Expense | $228M |
| Other Income/Expenses | -$204M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $174M |
| Net Income from Continuing Ops | $998M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $216M |
| EBIT | $1.4B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $998M |
| Depreciation & Amortization | $216M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | -$69M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$242M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $31M |
| NET CASH FROM INVESTING | -$211M |
| Net Debt Issuance | -$164M |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$491M |
| Other Financing Activities | -$77M |
| NET CASH FROM FINANCING | -$748M |
| FREE CASH FLOW | $856M |
| Net Change in Cash | $121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $947M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $3.8B |
| Other Current Assets | $694M |
| TOTAL CURRENT ASSETS | $8.0B |
| PP&E (Net) | $6.9B |
| Goodwill | $31.0B |
| Intangible Assets | $42.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $83.0B |
| TOTAL ASSETS | $91.0B |
| Account Payables | $4.5B |
| Short-Term Debt | $630M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $8.4B |
| Long-Term Debt | $19.4B |
| Deferred Revenue NC | $1.5B |
| Deferred Tax Liabilities | $10.1B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $32.6B |
| TOTAL LIABILITIES | $40.9B |
| Common Stock | $12M |
| Additional Paid-In Capital | $52.0B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$870M |
| Accum. Other Comp. Income | -$2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $49.8B |
| Minority Interest | $200M |
| TOTAL EQUITY | $50.0B |
| TOTAL LIABILITIES & EQUITY | $91.0B |
| Total Debt | $20.0B |
| Net Debt | $19.1B |
