| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.3B | $10.2B | $14.8B | 0.6% | -30.5% |
| Op. Income | $1.0B | $713M | $2.1B | 41.8% | -52.8% |
| Gross Margin | 14.0% | 13.5% | 17.3% | 0.5pp | -3.4pp |
| Net Margin | 6.9% | 4.6% | 11.1% | 2.3pp | -4.1pp |
| EPS (Diluted) | $2.18 | $1.44 | $4.99 | 51.4% | -56.3% |
| Free Cash Flow | $989M | $130M | $1.1B | 660.8% | -7.3% |
| Item | Amount |
|---|---|
| REVENUE | $10.3B |
| Cost of Revenue | $8.9B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $395M |
| Other Expenses | $0 |
| Operating Expenses | $427M |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $1.0B |
| Interest Income | $28M |
| Interest Expense | $115M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $905M |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $717M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $714M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $712M |
| D&A | $391M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $10.3B |
| Cost of Revenue | $8.9B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $395M |
| Other Expenses | $0 |
| Operating Expenses | $427M |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $1.0B |
| Interest Income | $28M |
| Interest Expense | $115M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $905M |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $717M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $714M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $712M |
| D&A | $391M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $715M |
| Depreciation & Amortization | $391M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $41M |
| Change in Working Capital | $106M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$301M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$72M |
| NET CASH FROM INVESTING | -$371M |
| Net Debt Issuance | $300M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$408M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$224M |
| FREE CASH FLOW | $989M |
| Net Change in Cash | $690M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $0 |
| Net Receivables | $3.8B |
| Inventory | $5.2B |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $12.7B |
| PP&E (Net) | $17.0B |
| Goodwill | $1.6B |
| Intangible Assets | $633M |
| Long-Term Investments | $4.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $623M |
| TOTAL NON-CURRENT ASSETS | $24.0B |
| TOTAL ASSETS | $36.7B |
| Account Payables | $3.0B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.0B |
| Long-Term Debt | $10.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.9B |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $16.6B |
| TOTAL LIABILITIES | $23.6B |
| Common Stock | $19M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $9.6B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.9B |
| Minority Interest | $128M |
| TOTAL EQUITY | $13.1B |
| TOTAL LIABILITIES & EQUITY | $36.7B |
| Total Debt | $13.0B |
| Net Debt | $10.6B |
