| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.4B | $6.9B | $6.9B | -7.2% | -7.4% |
| Op. Income | $548M | $498M | $659M | 10.1% | -16.8% |
| Gross Margin | 39.5% | 37.5% | 40.2% | 2.0pp | -0.7pp |
| Net Margin | 5.3% | 4.8% | 7.8% | 0.6pp | -2.4pp |
| EPS (Diluted) | $0.06 | $0.06 | $0.09 | 4.5% | -35.9% |
| Free Cash Flow | -$538M | -$174M | -$196M | -208.7% | -174.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $807M |
| Other Expenses | -$53M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $5.8B |
| OPERATING INCOME | $548M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$78M |
| INCOME BEFORE TAX | $470M |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $336M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $339M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $339M |
| D&A | $318M |
| EBIT | $548M |
| EBITDA | $866M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $807M |
| Other Expenses | -$53M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $5.8B |
| OPERATING INCOME | $548M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$78M |
| INCOME BEFORE TAX | $470M |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $336M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $339M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $339M |
| D&A | $318M |
| EBIT | $548M |
| EBITDA | $866M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $339M |
| Depreciation & Amortization | $318M |
| Stock-Based Compensation | -$132M |
| Deferred Income Tax | $136M |
| Other Non-Cash Items | -$1.0B |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$389M |
| Capital Expenditure | -$148M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$403M |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $161M |
| NET CASH FROM INVESTING | $1.2B |
| Net Debt Issuance | -$191M |
| Common Stock Repurchased | -$96M |
| Common Dividends Paid | -$195M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$482M |
| FREE CASH FLOW | -$538M |
| Net Change in Cash | $326M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.5B |
| Short-Term Investments | $2.4B |
| Net Receivables | $9.8B |
| Inventory | $4.2B |
| Other Current Assets | $654M |
| TOTAL CURRENT ASSETS | $23.5B |
| PP&E (Net) | $3.7B |
| Goodwill | $7.1B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $3.0B |
| Tax Assets | $4.8B |
| Other Non-Current Assets | $8.4B |
| TOTAL NON-CURRENT ASSETS | $28.4B |
| TOTAL ASSETS | $52.0B |
| Account Payables | $5.4B |
| Short-Term Debt | $995M |
| Deferred Revenue | $2.4B |
| Other Current Liabilities | $5.6B |
| TOTAL CURRENT LIABILITIES | $14.7B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $162M |
| Deferred Tax Liabilities | $438M |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $10.2B |
| TOTAL LIABILITIES | $24.8B |
| Common Stock | $314M |
| Additional Paid-In Capital | $753M |
| Retained Earnings | $2.1B |
| Treasury Stock | -$657M |
| Accum. Other Comp. Income | $24.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.0B |
| Minority Interest | $122M |
| TOTAL EQUITY | $27.1B |
| TOTAL LIABILITIES & EQUITY | $52.0B |
| Total Debt | $6.6B |
| Net Debt | $124M |
