| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.1B | $2.9B | 11.7% | 56.7% |
| Op. Income | $1.1B | $1.5B | $602M | -28.3% | 82.1% |
| Gross Margin | 10.6% | -7.3% | -45.5% | 17.9pp | 56.1pp |
| Net Margin | 19.5% | 29.7% | 17.4% | -10.2pp | 2.1pp |
| EPS (Diluted) | $5.11 | $6.93 | $2.94 | -26.3% | 73.8% |
| Free Cash Flow | -$859M | -$1.3B | $522M | 36.0% | -264.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $486M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$610M |
| Operating Expenses | -$610M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $86M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $201M |
| Net Income from Continuing Ops | $895M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $895M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $884M |
| D&A | $0 |
| EBIT | $1.2B |
| EBITDA | $1.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $486M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$610M |
| Operating Expenses | -$610M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $86M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $201M |
| Net Income from Continuing Ops | $895M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $895M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $884M |
| D&A | $0 |
| EBIT | $1.2B |
| EBITDA | $1.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $894M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$867M |
| Change in Working Capital | -$886M |
| OPERATING CASH FLOW | -$859M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.0B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | $1.0B |
| NET CASH FROM INVESTING | $601M |
| Net Debt Issuance | -$42M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$76M |
| Other Financing Activities | $1.7B |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | -$859M |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.5B |
| Short-Term Investments | $21.1B |
| Net Receivables | $29.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $55.7B |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | -$12.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $340.2B |
| TOTAL NON-CURRENT ASSETS | $328.8B |
| TOTAL ASSETS | $384.5B |
| Account Payables | $0 |
| Short-Term Debt | $450M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $17.5B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $6.3B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $347.1B |
| TOTAL NON-CURRENT LIABILITIES | $359.1B |
| TOTAL LIABILITIES | $376.6B |
| Common Stock | $4.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.9B |
| TOTAL LIABILITIES & EQUITY | $384.5B |
| Total Debt | $6.2B |
| Net Debt | $691M |
