| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $5.9B | $5.7B | 10.2% | 13.6% |
| Op. Income | $3.1B | $2.5B | $1.7B | 22.6% | 81.3% |
| Gross Margin | 57.4% | 56.2% | 57.7% | 1.2pp | -0.3pp |
| Net Margin | 35.6% | 30.6% | 20.8% | 5.0pp | 14.8pp |
| EPS (Diluted) | $3.15 | $2.45 | $1.60 | 28.6% | 96.9% |
| Free Cash Flow | $1.1B | $1.9B | $180M | -40.2% | 536.4% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $567M |
| Other Expenses | $60M |
| Operating Expenses | $627M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $3.1B |
| Interest Income | $37M |
| Interest Expense | $330M |
| Other Income/Expenses | -$287M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $506M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $492M |
| EBIT | $3.1B |
| EBITDA | $3.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $567M |
| Other Expenses | $60M |
| Operating Expenses | $627M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $3.1B |
| Interest Income | $37M |
| Interest Expense | $330M |
| Other Income/Expenses | -$287M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $506M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $492M |
| EBIT | $3.1B |
| EBITDA | $3.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $492M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | -$152M |
| Other Non-Cash Items | -$46M |
| Change in Working Capital | -$976M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$527M |
| Acquisitions (Net) | -$55M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$89M |
| NET CASH FROM INVESTING | -$670M |
| Net Debt Issuance | -$1.5B |
| Common Stock Repurchased | -$570M |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | $119M |
| NET CASH FROM FINANCING | -$3.1B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $52M |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $36.6B |
| Goodwill | $3.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.9B |
| TOTAL NON-CURRENT ASSETS | $45.5B |
| TOTAL ASSETS | $50.4B |
| Account Payables | $807M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $35.7B |
| Deferred Revenue NC | $769M |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $51.8B |
| TOTAL LIABILITIES | $55.4B |
| Common Stock | $17M |
| Additional Paid-In Capital | $8.7B |
| Retained Earnings | $61.4B |
| Treasury Stock | -$72.7B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5.0B |
| TOTAL LIABILITIES & EQUITY | $50.4B |
| Total Debt | $48.5B |
| Net Debt | $46.8B |
