| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.7B | $15.1B | $15.4B | 10.4% | 8.1% |
| Op. Income | $2.1B | $2.0B | $2.0B | 4.8% | 9.2% |
| Gross Margin | 12.5% | 13.5% | 12.7% | -1.0pp | -0.1pp |
| Net Margin | 10.1% | 11.2% | 2.0% | -1.1pp | 8.1pp |
| EPS (Diluted) | $6.63 | $6.61 | $1.16 | 0.3% | 471.6% |
| Free Cash Flow | $771M | $1.3B | $1.0B | -39.3% | -24.9% |
| Item | Amount |
|---|---|
| REVENUE | $16.7B |
| Cost of Revenue | $14.6B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$111M |
| SG&A Expenses | -$111M |
| Other Expenses | $66M |
| Operating Expenses | -$45M |
| Cost & Expenses | $14.6B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $223M |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $325M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $334M |
| EBIT | $2.2B |
| EBITDA | $2.6B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $16.7B |
| Cost of Revenue | $14.6B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$111M |
| SG&A Expenses | -$111M |
| Other Expenses | $66M |
| Operating Expenses | -$45M |
| Cost & Expenses | $14.6B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $223M |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $325M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $334M |
| EBIT | $2.2B |
| EBITDA | $2.6B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $334M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | -$117M |
| Other Non-Cash Items | $235M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$329M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$334M |
| Net Debt Issuance | $2.0B |
| Common Stock Repurchased | -$750M |
| Common Dividends Paid | -$758M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $467M |
| FREE CASH FLOW | $771M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $0 |
| Net Receivables | $16.4B |
| Inventory | $3.5B |
| Other Current Assets | $481M |
| TOTAL CURRENT ASSETS | $24.1B |
| PP&E (Net) | $8.0B |
| Goodwill | $10.8B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $610M |
| Tax Assets | $4.5B |
| Other Non-Current Assets | $6.7B |
| TOTAL NON-CURRENT ASSETS | $32.9B |
| TOTAL ASSETS | $57.0B |
| Account Payables | $3.5B |
| Short-Term Debt | $283M |
| Deferred Revenue | $8.2B |
| Other Current Liabilities | $2.9B |
| TOTAL CURRENT LIABILITIES | $17.7B |
| Long-Term Debt | $17.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.8B |
| TOTAL NON-CURRENT LIABILITIES | $30.0B |
| TOTAL LIABILITIES | $47.7B |
| Common Stock | $251M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $17.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $57.0B |
| Total Debt | $17.5B |
| Net Debt | $13.9B |
