| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.1B | $4.2B | 4.0% | 24.9% |
| Op. Income | $1.7B | $1.7B | $1.3B | -1.0% | 25.6% |
| Gross Margin | 45.0% | 46.1% | 46.8% | -1.0pp | -1.8pp |
| Net Margin | 27.8% | 28.1% | 28.3% | -0.3pp | -0.4pp |
| EPS (Diluted) | $1.08 | $1.04 | $0.84 | 3.8% | 28.6% |
| Free Cash Flow | $977M | $1.0B | $1.3B | -6.9% | -25.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $462M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $234M |
| Other Expenses | $0 |
| Operating Expenses | $696M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $1.7B |
| Interest Income | $26M |
| Interest Expense | $47M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $183M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $85M |
| EBIT | $1.7B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $462M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $234M |
| Other Expenses | $0 |
| Operating Expenses | $696M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $1.7B |
| Interest Income | $26M |
| Interest Expense | $47M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $183M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $85M |
| EBIT | $1.7B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $85M |
| Stock-Based Compensation | $73M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$493M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$163M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | -$285M |
| NET CASH FROM INVESTING | -$267M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | -$456M |
| Common Dividends Paid | -$236M |
| Other Financing Activities | $46M |
| NET CASH FROM FINANCING | -$662M |
| FREE CASH FLOW | $977M |
| Net Change in Cash | $229M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $103M |
| Net Receivables | $4.1B |
| Inventory | $4.8B |
| Other Current Assets | $231M |
| TOTAL CURRENT ASSETS | $13.7B |
| PP&E (Net) | $1.9B |
| Goodwill | $1.6B |
| Intangible Assets | $185M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $19.2B |
| Account Payables | $919M |
| Short-Term Debt | $7M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $135.0K |
| Additional Paid-In Capital | $7.6B |
| Retained Earnings | $20.9B |
| Treasury Stock | -$20.1B |
| Accum. Other Comp. Income | -$109M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.3B |
| TOTAL LIABILITIES & EQUITY | $19.2B |
| Total Debt | $5.0B |
| Net Debt | $519M |
