| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $4.3B | $3.6B | 17.1% | 41.5% |
| Op. Income | $726M | $528M | $669M | 37.5% | 8.5% |
| Gross Margin | 46.6% | 46.7% | 51.1% | -0.1pp | -4.5pp |
| Net Margin | 10.5% | 7.9% | 7.3% | 2.5pp | 3.2pp |
| EPS (Diluted) | $10.47 | $6.79 | $5.12 | 54.2% | 104.5% |
| Free Cash Flow | $1.7B | $1.1B | $1.3B | 58.1% | 30.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $460M |
| Selling & Marketing | $511M |
| General & Administrative | $218M |
| SG&A Expenses | $729M |
| Other Expenses | $450M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $726M |
| Interest Income | $39M |
| Interest Expense | $39M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $668M |
| Income Tax Expense | $137M |
| Net Income from Continuing Ops | $531M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $531M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $531M |
| D&A | $154M |
| EBIT | $707M |
| EBITDA | $861M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $460M |
| Selling & Marketing | $511M |
| General & Administrative | $218M |
| SG&A Expenses | $729M |
| Other Expenses | $450M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $726M |
| Interest Income | $39M |
| Interest Expense | $39M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $668M |
| Income Tax Expense | $137M |
| Net Income from Continuing Ops | $531M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $531M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $531M |
| D&A | $154M |
| EBIT | $707M |
| EBITDA | $861M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| Net Income | $531M |
| Depreciation & Amortization | $154M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | -$121M |
| Other Non-Cash Items | $849M |
| Change in Working Capital | $409M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$184M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.4B |
| Sales/Maturities of Investments | $3.6B |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | $735M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$258M |
| NET CASH FROM FINANCING | $476M |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $995M |
| Net Receivables | $7.8B |
| Inventory | $257M |
| Other Current Assets | $4.6B |
| TOTAL CURRENT ASSETS | $16.5B |
| PP&E (Net) | $2.0B |
| Goodwill | $149M |
| Intangible Assets | $49M |
| Long-Term Investments | $398M |
| Tax Assets | $767M |
| Other Non-Current Assets | $195M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $20.0B |
| Account Payables | $2.6B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $234M |
| TOTAL CURRENT LIABILITIES | $12.9B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $159M |
| Other Non-Current Liabilities | $239M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $16.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $2.8B |
| Treasury Stock | -$311M |
| Accum. Other Comp. Income | -$579M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $20.0B |
| Total Debt | $5.4B |
| Net Debt | $2.6B |
