| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $3.0B | 3.7% | -16.7% |
| Op. Income | $952M | $899M | $1.2B | 5.9% | -20.6% |
| Gross Margin | 60.7% | 60.5% | 59.5% | 0.2pp | 1.2pp |
| Net Margin | 23.4% | 30.9% | 32.8% | -7.5pp | -9.4pp |
| EPS (Diluted) | $4.28 | $5.41 | $6.89 | -20.9% | -37.9% |
| Free Cash Flow | $545M | $816M | $595M | -33.1% | -8.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $977M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $320M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $237M |
| Other Expenses | $0 |
| Operating Expenses | $558M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $952M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$261M |
| INCOME BEFORE TAX | $691M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $583M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $583M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $583M |
| D&A | $99M |
| EBIT | $765M |
| EBITDA | $865M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $977M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $320M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $237M |
| Other Expenses | $0 |
| Operating Expenses | $558M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $952M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$261M |
| INCOME BEFORE TAX | $691M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $583M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $583M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $583M |
| D&A | $99M |
| EBIT | $765M |
| EBITDA | $865M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $583M |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | $49M |
| Deferred Income Tax | -$65M |
| Other Non-Cash Items | $185M |
| Change in Working Capital | -$227M |
| OPERATING CASH FLOW | $622M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$468M |
| Sales/Maturities of Investments | $451M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$438M |
| Common Dividends Paid | -$197M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$591M |
| FREE CASH FLOW | $545M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $1.7B |
| Net Receivables | $2.0B |
| Inventory | $3.0B |
| Other Current Assets | $243M |
| TOTAL CURRENT ASSETS | $8.7B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.1B |
| Intangible Assets | $786M |
| Long-Term Investments | $0 |
| Tax Assets | $902M |
| Other Non-Current Assets | $433M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $14.3B |
| Account Payables | $377M |
| Short-Term Debt | $750M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $395M |
| Deferred Tax Liabilities | $494M |
| Other Non-Current Liabilities | $478M |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $921M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $14.3B |
| Total Debt | $6.1B |
| Net Debt | $4.4B |
