| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.1B | $17.2B | $16.7B | 5.4% | 8.6% |
| Op. Income | $2.1B | $2.0B | $2.1B | 5.9% | 0.6% |
| Gross Margin | 12.2% | 11.6% | 12.5% | 0.6pp | -0.3pp |
| Net Margin | 9.1% | 9.0% | 10.1% | 0.1pp | -1.0pp |
| EPS (Diluted) | $6.85 | $6.39 | $6.63 | 7.2% | 3.3% |
| Free Cash Flow | $1.5B | $1.3B | $771M | 19.8% | 95.3% |
| Item | Amount |
|---|---|
| REVENUE | $18.1B |
| Cost of Revenue | $15.9B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$15M |
| SG&A Expenses | -$15M |
| Other Expenses | $84M |
| Operating Expenses | $69M |
| Cost & Expenses | $16.0B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $261M |
| Other Income/Expenses | -$200M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $307M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $359M |
| EBIT | $2.2B |
| EBITDA | $2.6B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $18.1B |
| Cost of Revenue | $15.9B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$15M |
| SG&A Expenses | -$15M |
| Other Expenses | $84M |
| Operating Expenses | $69M |
| Cost & Expenses | $16.0B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $261M |
| Other Income/Expenses | -$200M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $307M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $359M |
| EBIT | $2.2B |
| EBITDA | $2.6B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $359M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | -$68M |
| Other Non-Cash Items | $87M |
| Change in Working Capital | -$236M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$370M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$372M |
| Net Debt Issuance | -$168M |
| Common Stock Repurchased | -$850M |
| Common Dividends Paid | -$752M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | -$267M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $0 |
| Net Receivables | $16.8B |
| Inventory | $3.1B |
| Other Current Assets | $510M |
| TOTAL CURRENT ASSETS | $23.0B |
| PP&E (Net) | $8.4B |
| Goodwill | $10.8B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $620M |
| Tax Assets | $3.1B |
| Other Non-Current Assets | $7.2B |
| TOTAL NON-CURRENT ASSETS | $32.1B |
| TOTAL ASSETS | $55.1B |
| Account Payables | $3.3B |
| Short-Term Debt | $142M |
| Deferred Revenue | $9.2B |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $18.5B |
| Long-Term Debt | $19.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.3B |
| TOTAL NON-CURRENT LIABILITIES | $30.4B |
| TOTAL LIABILITIES | $48.9B |
| Common Stock | $237M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $14.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $55.1B |
| Total Debt | $19.3B |
| Net Debt | $16.7B |
