| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.7B | $8.3B | $6.5B | -19.1% | 3.0% |
| Op. Income | $499M | $1.9B | $2.4B | -73.3% | -79.6% |
| Gross Margin | 43.5% | 65.5% | 64.8% | -22.0pp | -21.3pp |
| Net Margin | 9.8% | 19.5% | 36.5% | -9.7pp | -26.7pp |
| EPS (Diluted) | $0.03 | $0.06 | $0.09 | -59.4% | -72.3% |
| Free Cash Flow | $837M | $1.4B | $2.5B | -38.9% | -66.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $592M |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $499M |
| Interest Income | $46M |
| Interest Expense | $65M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $475M |
| Income Tax Expense | -$181M |
| Net Income from Continuing Ops | $656M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $656M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $656M |
| D&A | $378M |
| EBIT | $540M |
| EBITDA | $918M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $592M |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $499M |
| Interest Income | $46M |
| Interest Expense | $65M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $475M |
| Income Tax Expense | -$181M |
| Net Income from Continuing Ops | $656M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $656M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $656M |
| D&A | $378M |
| EBIT | $540M |
| EBITDA | $918M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $656M |
| Depreciation & Amortization | $378M |
| Stock-Based Compensation | $648M |
| Deferred Income Tax | -$443M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$433M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$3.7B |
| Sales/Maturities of Investments | $5.7B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1.6B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.3B |
| Common Dividends Paid | -$100M |
| Other Financing Activities | -$317M |
| NET CASH FROM FINANCING | -$3.8B |
| FREE CASH FLOW | $837M |
| Net Change in Cash | -$874M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $14.0B |
| Net Receivables | $5.3B |
| Inventory | $3.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $27.4B |
| PP&E (Net) | $4.1B |
| Goodwill | $4.4B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $307M |
| Tax Assets | $2.2B |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $16.1B |
| TOTAL ASSETS | $43.5B |
| Account Payables | $2.4B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $359M |
| Other Current Liabilities | $636M |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $9.7B |
| Deferred Revenue NC | $201M |
| Deferred Tax Liabilities | $252M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $12.1B |
| TOTAL LIABILITIES | $19.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $11.0B |
| Retained Earnings | $13.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$90M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $23.9B |
| TOTAL LIABILITIES & EQUITY | $43.5B |
| Total Debt | $11.7B |
| Net Debt | $8.7B |
