| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.9B | $3.8B | 4.1% | 5.7% |
| Op. Income | $702M | $640M | $845M | 9.7% | -16.9% |
| Gross Margin | 55.5% | 55.2% | 56.6% | 0.3pp | -1.1pp |
| Net Margin | 10.7% | 12.2% | 15.9% | -1.5pp | -5.2pp |
| EPS (Diluted) | $0.22 | $0.27 | $0.32 | -18.5% | -31.3% |
| Free Cash Flow | $665M | $747M | $731M | -11.0% | -9.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $1M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $702M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $639M |
| Income Tax Expense | $209M |
| Net Income from Continuing Ops | $430M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $430M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $430M |
| D&A | $148M |
| EBIT | $692M |
| EBITDA | $840M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $1M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $702M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $639M |
| Income Tax Expense | $209M |
| Net Income from Continuing Ops | $430M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $430M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $430M |
| D&A | $148M |
| EBIT | $692M |
| EBITDA | $840M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $430M |
| Depreciation & Amortization | $148M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $126M |
| OPERATING CASH FLOW | $742M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$77M |
| Net Debt Issuance | $740M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13.8B |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$8.8B |
| FREE CASH FLOW | $665M |
| Net Change in Cash | -$8.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $2.0B |
| Other Current Assets | $223M |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $1.8B |
| Goodwill | $9.1B |
| Intangible Assets | $9.7B |
| Long-Term Investments | $0 |
| Tax Assets | $143M |
| Other Non-Current Assets | $589M |
| TOTAL NON-CURRENT ASSETS | $21.3B |
| TOTAL ASSETS | $27.5B |
| Account Payables | $2.4B |
| Short-Term Debt | $752M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $275M |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $7.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $717M |
| TOTAL NON-CURRENT LIABILITIES | $11.2B |
| TOTAL LIABILITIES | $16.5B |
| Common Stock | $19M |
| Additional Paid-In Capital | $16.1B |
| Retained Earnings | $430M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.0B |
| TOTAL LIABILITIES & EQUITY | $27.5B |
| Total Debt | $8.6B |
| Net Debt | $7.4B |
