| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.1B | $15.8B | $15.0B | 2.1% | 7.2% |
| Op. Income | $6.1B | $5.8B | -$5.0B | 6.4% | 222.3% |
| Gross Margin | 76.8% | 77.6% | 73.2% | -0.8pp | 3.5pp |
| Net Margin | 33.9% | 30.2% | -39.7% | 3.7pp | 73.6pp |
| EPS (Diluted) | $2.14 | $1.87 | $-2.35 | 14.4% | 191.1% |
| Free Cash Flow | $4.8B | $2.2B | $2.7B | 117.4% | 76.9% |
| Item | Amount |
|---|---|
| REVENUE | $16.1B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $12.4B |
| R&D Expenses | $3.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.7B |
| Other Expenses | $0 |
| Operating Expenses | $6.2B |
| Cost & Expenses | $10.0B |
| OPERATING INCOME | $6.1B |
| Interest Income | $69M |
| Interest Expense | $310M |
| Other Income/Expenses | -$122M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $545M |
| Net Income from Continuing Ops | $5.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.5B |
| D&A | $1.1B |
| EBIT | $6.3B |
| EBITDA | $7.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $16.1B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $12.4B |
| R&D Expenses | $3.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.7B |
| Other Expenses | $0 |
| Operating Expenses | $6.2B |
| Cost & Expenses | $10.0B |
| OPERATING INCOME | $6.1B |
| Interest Income | $69M |
| Interest Expense | $310M |
| Other Income/Expenses | -$122M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $545M |
| Net Income from Continuing Ops | $5.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.5B |
| D&A | $1.1B |
| EBIT | $6.3B |
| EBITDA | $7.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $5.5B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $203M |
| Deferred Income Tax | -$181M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | $5.6B |
| Capital Expenditure | -$791M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | -$289M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $3.6B |
| Common Stock Repurchased | -$251M |
| Common Dividends Paid | -$2.0B |
| Other Financing Activities | -$147M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $4.8B |
| Net Change in Cash | $5.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.3B |
| Short-Term Investments | $50M |
| Net Receivables | $11.6B |
| Inventory | $6.5B |
| Other Current Assets | $8.7B |
| TOTAL CURRENT ASSETS | $38.2B |
| PP&E (Net) | $23.2B |
| Goodwill | $21.2B |
| Intangible Assets | $17.0B |
| Long-Term Investments | $357M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.7B |
| TOTAL NON-CURRENT ASSETS | $74.4B |
| TOTAL ASSETS | $112.6B |
| Account Payables | $3.5B |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $26.1B |
| Long-Term Debt | $34.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $876M |
| Other Non-Current Liabilities | $7.3B |
| TOTAL NON-CURRENT LIABILITIES | $42.9B |
| TOTAL LIABILITIES | $69.0B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $44.4B |
| Retained Earnings | $60.2B |
| Treasury Stock | -$57.4B |
| Accum. Other Comp. Income | -$5.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43.6B |
| Minority Interest | $66M |
| TOTAL EQUITY | $43.6B |
| TOTAL LIABILITIES & EQUITY | $112.6B |
| Total Debt | $37.8B |
| Net Debt | $26.5B |
