| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.6B | $15.4B | $15.5B | 8.0% | 7.4% |
| Op. Income | $430M | $257M | $987M | 67.3% | -56.4% |
| Gross Margin | 15.2% | 15.0% | 19.2% | 0.2pp | -4.0pp |
| Net Margin | 2.4% | 0.5% | 5.9% | 1.9pp | -3.5pp |
| EPS (Diluted) | $0.48 | $0.02 | $1.08 | 2581.6% | -55.6% |
| Free Cash Flow | $3.0B | $2.0B | $4.4B | 50.0% | -30.8% |
| Item | Amount |
|---|---|
| REVENUE | $16.6B |
| Cost of Revenue | $14.1B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $591M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $16.2B |
| OPERATING INCOME | $430M |
| Interest Income | $0 |
| Interest Expense | $256M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $430M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $408M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $402M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $370M |
| D&A | $0 |
| EBIT | $686M |
| EBITDA | $686M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $16.6B |
| Cost of Revenue | $14.1B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $591M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $16.2B |
| OPERATING INCOME | $430M |
| Interest Income | $0 |
| Interest Expense | $256M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $430M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $408M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $402M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $370M |
| D&A | $0 |
| EBIT | $686M |
| EBITDA | $686M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $402M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.6B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$228M |
| Purchases of Investments | -$24.5B |
| Sales/Maturities of Investments | $17.6B |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$6.3B |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$672M |
| Common Dividends Paid | -$399M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | $379M |
| FREE CASH FLOW | $3.0B |
| Net Change in Cash | -$3.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.4B |
| Short-Term Investments | $290.8B |
| Net Receivables | $18.7B |
| Inventory | $0 |
| Other Current Assets | -$324.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $9.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $316.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$325.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $677.3B |
| Account Payables | $0 |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$566M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $17.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $752M |
| Other Non-Current Liabilities | -$18.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $646.8B |
| Common Stock | $12M |
| Additional Paid-In Capital | $33.6B |
| Retained Earnings | $39.9B |
| Treasury Stock | -$22.9B |
| Accum. Other Comp. Income | -$20.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.3B |
| Minority Interest | $231M |
| TOTAL EQUITY | $30.5B |
| TOTAL LIABILITIES & EQUITY | $677.3B |
| Total Debt | $17.9B |
| Net Debt | $2.5B |
