| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.4B | $6.7B | 1.0% | -3.6% |
| Op. Income | $522M | $1.3B | $1.4B | -59.9% | -62.1% |
| Gross Margin | 35.4% | 35.0% | 33.6% | 0.4pp | 1.8pp |
| Net Margin | 1.6% | 12.5% | 14.9% | -10.9pp | -13.3pp |
| EPS (Diluted) | $0.08 | $0.66 | $0.81 | -87.3% | -89.6% |
| Free Cash Flow | $553M | $477M | $856M | 15.9% | -35.4% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $884M |
| SG&A Expenses | $884M |
| Other Expenses | $888M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $522M |
| Interest Income | $17M |
| Interest Expense | $229M |
| Other Income/Expenses | -$174M |
| INCOME BEFORE TAX | $348M |
| Income Tax Expense | $248M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $239M |
| EBIT | $577M |
| EBITDA | $816M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $884M |
| SG&A Expenses | $884M |
| Other Expenses | $888M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $522M |
| Interest Income | $17M |
| Interest Expense | $229M |
| Other Income/Expenses | -$174M |
| INCOME BEFORE TAX | $348M |
| Income Tax Expense | $248M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $239M |
| EBIT | $577M |
| EBITDA | $816M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $239M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | -$49M |
| Other Non-Cash Items | $792M |
| Change in Working Capital | -$176M |
| OPERATING CASH FLOW | $942M |
| Capital Expenditure | -$389M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $38M |
| NET CASH FROM INVESTING | -$345M |
| Net Debt Issuance | -$605M |
| Common Stock Repurchased | -$208M |
| Common Dividends Paid | -$483M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $553M |
| Net Change in Cash | -$726M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $900M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $3.6B |
| Other Current Assets | $624M |
| TOTAL CURRENT ASSETS | $7.5B |
| PP&E (Net) | $7.0B |
| Goodwill | $29.5B |
| Intangible Assets | $42.3B |
| Long-Term Investments | $79M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $81.3B |
| TOTAL ASSETS | $88.8B |
| Account Payables | $4.4B |
| Short-Term Debt | $669M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $7.5B |
| Long-Term Debt | $19.3B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $10.2B |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $32.3B |
| TOTAL LIABILITIES | $39.8B |
| Common Stock | $12M |
| Additional Paid-In Capital | $52.1B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48.9B |
| Minority Interest | $136M |
| TOTAL EQUITY | $49.0B |
| TOTAL LIABILITIES & EQUITY | $88.8B |
| Total Debt | $19.9B |
| Net Debt | $19.0B |
