| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.3B | $8.8B | $8.3B | 28.9% | 36.0% |
| Op. Income | $4.4B | $2.7B | $2.3B | 61.5% | 89.0% |
| Gross Margin | 80.8% | 80.9% | 78.3% | -0.1pp | 2.5pp |
| Net Margin | 26.3% | 25.6% | 21.2% | 0.7pp | 5.0pp |
| EPS (Diluted) | $3.28 | $2.48 | $1.86 | 32.3% | 76.3% |
| Free Cash Flow | $63M | $180M | -$204M | -64.7% | 131.0% |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $9.1B |
| R&D Expenses | $2.7B |
| Selling & Marketing | $0 |
| General & Administrative | $2.0B |
| SG&A Expenses | $2.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.7B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $4.4B |
| Interest Income | $37M |
| Interest Expense | $184M |
| Other Income/Expenses | -$901M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $550M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $414M |
| EBIT | $3.7B |
| EBITDA | $4.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $9.1B |
| R&D Expenses | $2.7B |
| Selling & Marketing | $0 |
| General & Administrative | $2.0B |
| SG&A Expenses | $2.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.7B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $4.4B |
| Interest Income | $37M |
| Interest Expense | $184M |
| Other Income/Expenses | -$901M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $550M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $414M |
| EBIT | $3.7B |
| EBITDA | $4.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $414M |
| Stock-Based Compensation | $211M |
| Deferred Income Tax | -$1.0B |
| Other Non-Cash Items | $280M |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | -$948M |
| Purchases of Investments | -$157M |
| Sales/Maturities of Investments | $214M |
| Other Investing Activities | $96M |
| NET CASH FROM INVESTING | -$2.2B |
| Net Debt Issuance | $2.7B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | $63M |
| Net Change in Cash | $763M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $140M |
| Net Receivables | $13.1B |
| Inventory | $6.5B |
| Other Current Assets | $142M |
| TOTAL CURRENT ASSETS | $30.2B |
| PP&E (Net) | $14.8B |
| Goodwill | $5.8B |
| Intangible Assets | $6.6B |
| Long-Term Investments | $2.9B |
| Tax Assets | $6.7B |
| Other Non-Current Assets | $4.9B |
| TOTAL NON-CURRENT ASSETS | $41.7B |
| TOTAL ASSETS | $71.9B |
| Account Payables | $2.9B |
| Short-Term Debt | $5.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.9B |
| TOTAL CURRENT LIABILITIES | $27.1B |
| Long-Term Debt | $23.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.4B |
| TOTAL NON-CURRENT LIABILITIES | $31.1B |
| TOTAL LIABILITIES | $58.2B |
| Common Stock | $594M |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $13.2B |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | -$4.4B |
| Other Equity | -$3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $13.6B |
| Minority Interest | $74M |
| TOTAL EQUITY | $13.6B |
| TOTAL LIABILITIES & EQUITY | $71.9B |
| Total Debt | $28.9B |
| Net Debt | $25.7B |
