| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.7B | $8.3B | $10.3B | 4.5% | -15.8% |
| Op. Income | $999M | $651M | $1.0B | 53.5% | -1.2% |
| Gross Margin | 16.5% | 13.3% | 14.0% | 3.2pp | 2.6pp |
| Net Margin | 10.6% | 5.7% | 6.9% | 5.0pp | 3.7pp |
| EPS (Diluted) | $2.82 | $1.44 | $2.18 | 95.8% | 29.4% |
| Free Cash Flow | $864M | -$597M | $989M | 244.7% | -12.6% |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $407M |
| Other Expenses | -$5M |
| Operating Expenses | $435M |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $999M |
| Interest Income | $37M |
| Interest Expense | $120M |
| Other Income/Expenses | $200M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $253M |
| Net Income from Continuing Ops | $946M |
| Net Income from Discontinued Ops | -$22M |
| Other Adjustments | $0 |
| NET INCOME | $923M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $919M |
| D&A | $387M |
| EBIT | $1.3B |
| EBITDA | $1.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $407M |
| Other Expenses | -$5M |
| Operating Expenses | $435M |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $999M |
| Interest Income | $37M |
| Interest Expense | $120M |
| Other Income/Expenses | $200M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $253M |
| Net Income from Continuing Ops | $946M |
| Net Income from Discontinued Ops | -$22M |
| Other Adjustments | $0 |
| NET INCOME | $923M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $919M |
| D&A | $387M |
| EBIT | $1.3B |
| EBITDA | $1.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $920M |
| Depreciation & Amortization | $387M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$46M |
| Other Non-Cash Items | -$228M |
| Change in Working Capital | $296M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$484M |
| Acquisitions (Net) | $700M |
| Purchases of Investments | -$512M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$313M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$438M |
| Other Financing Activities | $32M |
| NET CASH FROM FINANCING | -$481M |
| FREE CASH FLOW | $864M |
| Net Change in Cash | $533M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $0 |
| Net Receivables | $4.1B |
| Inventory | $5.1B |
| Other Current Assets | $937M |
| TOTAL CURRENT ASSETS | $12.9B |
| PP&E (Net) | $17.0B |
| Goodwill | $1.6B |
| Intangible Assets | $615M |
| Long-Term Investments | $4.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $611M |
| TOTAL NON-CURRENT ASSETS | $24.2B |
| TOTAL ASSETS | $37.1B |
| Account Payables | $4.1B |
| Short-Term Debt | $173M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $11.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.8B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $17.3B |
| TOTAL LIABILITIES | $23.5B |
| Common Stock | $19M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $10.2B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.4B |
| Minority Interest | $128M |
| TOTAL EQUITY | $13.6B |
| TOTAL LIABILITIES & EQUITY | $37.1B |
| Total Debt | $12.6B |
| Net Debt | $9.7B |
