| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.2B | $6.5B | 5.2% | -0.1% |
| Op. Income | $2.9B | $2.7B | $3.1B | 6.7% | -5.9% |
| Gross Margin | 57.3% | 55.7% | 57.4% | 1.5pp | -0.1pp |
| Net Margin | 31.2% | 31.3% | 35.6% | -0.1pp | -4.4pp |
| EPS (Diluted) | $2.80 | $2.66 | $3.15 | 5.3% | -11.1% |
| Free Cash Flow | $1.1B | $1.8B | $1.1B | -42.4% | -7.5% |
| 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 | $590M |
| Other Expenses | $208M |
| Operating Expenses | $798M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.9B |
| Interest Income | $20M |
| Interest Expense | $373M |
| Other Income/Expenses | -$365M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $533M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $502M |
| EBIT | $2.9B |
| EBITDA | $3.4B |
| 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 | $590M |
| Other Expenses | $208M |
| Operating Expenses | $798M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.9B |
| Interest Income | $20M |
| Interest Expense | $373M |
| Other Income/Expenses | -$365M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $533M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $502M |
| EBIT | $2.9B |
| EBITDA | $3.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $502M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$226M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$663M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$628M |
| Acquisitions (Net) | -$67M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$151M |
| NET CASH FROM INVESTING | -$845M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$934M |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | -$869M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $792M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $46M |
| Other Current Assets | $963M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $38.0B |
| Goodwill | $3.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $2.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $49.6B |
| TOTAL ASSETS | $53.8B |
| Account Payables | $949M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $38.5B |
| Deferred Revenue NC | $791M |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $970M |
| TOTAL NON-CURRENT LIABILITIES | $54.7B |
| TOTAL LIABILITIES | $58.6B |
| Common Stock | $17M |
| Additional Paid-In Capital | $9.1B |
| Retained Earnings | $65.0B |
| Treasury Stock | -$76.5B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4.8B |
| TOTAL LIABILITIES & EQUITY | $53.8B |
| Total Debt | $52.0B |
| Net Debt | $51.2B |
