| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | $6.3B | $6.3B | 9.7% | 11.0% |
| Op. Income | $4.0B | $3.6B | $3.7B | 12.0% | 10.4% |
| Gross Margin | 76.9% | 76.1% | 76.2% | 0.8pp | 0.8pp |
| Net Margin | 46.8% | 47.4% | 45.4% | -0.6pp | 1.4pp |
| EPS (Diluted) | $3.50 | $3.22 | $3.00 | 8.7% | 16.7% |
| Free Cash Flow | $2.8B | $1.3B | $2.6B | 119.6% | 8.6% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $184M |
| General & Administrative | $806M |
| SG&A Expenses | $990M |
| Other Expenses | $328M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | $153M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $681M |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $225M |
| EBIT | $4.1B |
| EBITDA | $4.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $184M |
| General & Administrative | $806M |
| SG&A Expenses | $990M |
| Other Expenses | $328M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | $153M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $681M |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $225M |
| EBIT | $4.1B |
| EBITDA | $4.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $3.3B |
| Depreciation & Amortization | $225M |
| Stock-Based Compensation | $155M |
| Deferred Income Tax | -$96M |
| Other Non-Cash Items | $476M |
| Change in Working Capital | -$880M |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$296M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$157M |
| Sales/Maturities of Investments | $153M |
| Other Investing Activities | -$175M |
| NET CASH FROM INVESTING | -$294M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | -$2.6B |
| Common Dividends Paid | -$615M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$3.3B |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | -$385M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.0B |
| Short-Term Investments | $362M |
| Net Receivables | $4.2B |
| Inventory | $0 |
| Other Current Assets | $6.2B |
| TOTAL CURRENT ASSETS | $17.8B |
| PP&E (Net) | $2.1B |
| Goodwill | $7.6B |
| Intangible Assets | $4.1B |
| Long-Term Investments | $1.7B |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $24.6B |
| TOTAL ASSETS | $42.3B |
| Account Payables | $835M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.1B |
| TOTAL CURRENT LIABILITIES | $15.6B |
| Long-Term Debt | $14.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $337M |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $19.3B |
| TOTAL LIABILITIES | $34.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $67.6B |
| Treasury Stock | -$65.1B |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $61M |
| TOTAL EQUITY | $7.5B |
| TOTAL LIABILITIES & EQUITY | $42.3B |
| Total Debt | $15.6B |
| Net Debt | $8.6B |
