| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $4.7B | $3.7B | 23.2% | 57.7% |
| Op. Income | $191M | -$1.1B | -$2.3B | 116.9% | 108.3% |
| Gross Margin | 18.5% | -0.7% | -32.7% | 19.3pp | 51.2pp |
| Net Margin | 13.6% | -26.1% | -62.6% | 39.7pp | 76.2pp |
| EPS (Diluted) | $0.71 | $-1.12 | $-2.13 | 163.4% | 133.3% |
| Free Cash Flow | -$165M | -$395M | -$1.9B | 58.2% | 91.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $832M |
| Selling & Marketing | $228M |
| General & Administrative | $52M |
| SG&A Expenses | $280M |
| Other Expenses | -$224M |
| Operating Expenses | $888M |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $191M |
| Interest Income | $130M |
| Interest Expense | $144M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | -$622M |
| Net Income from Continuing Ops | $793M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $793M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $793M |
| D&A | $1.9B |
| EBIT | $191M |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $832M |
| Selling & Marketing | $228M |
| General & Administrative | $52M |
| SG&A Expenses | $280M |
| Other Expenses | -$224M |
| Operating Expenses | $888M |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $191M |
| Interest Income | $130M |
| Interest Expense | $144M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | -$622M |
| Net Income from Continuing Ops | $793M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $793M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $793M |
| D&A | $1.9B |
| EBIT | $191M |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $793M |
| Depreciation & Amortization | $1.9B |
| Stock-Based Compensation | $213M |
| Deferred Income Tax | -$5.2B |
| Other Non-Cash Items | $5.2B |
| Change in Working Capital | -$1.7B |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$266M |
| Sales/Maturities of Investments | $352M |
| Other Investing Activities | $147M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$127M |
| Other Financing Activities | $70M |
| NET CASH FROM FINANCING | -$106M |
| FREE CASH FLOW | -$165M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.0B |
| Short-Term Investments | $990M |
| Net Receivables | $4.3B |
| Inventory | $8.4B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $23.4B |
| PP&E (Net) | $38.2B |
| Goodwill | $1.1B |
| Intangible Assets | $414M |
| Long-Term Investments | $627M |
| Tax Assets | $664M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $42.3B |
| TOTAL ASSETS | $65.7B |
| Account Payables | $1.9B |
| Short-Term Debt | $106M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $6.3B |
| Long-Term Debt | $11.9B |
| Deferred Revenue NC | $662M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $956M |
| TOTAL NON-CURRENT LIABILITIES | $15.6B |
| TOTAL LIABILITIES | $21.8B |
| Common Stock | $125M |
| Additional Paid-In Capital | $11.6B |
| Retained Earnings | $40.0B |
| Treasury Stock | -$7.6B |
| Accum. Other Comp. Income | -$264M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $43.9B |
| TOTAL LIABILITIES & EQUITY | $65.7B |
| Total Debt | $14.3B |
| Net Debt | $6.3B |
