| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.8B | $20.6B | $21.0B | 0.8% | -0.9% |
| Op. Income | $4.8B | $4.9B | $5.2B | -3.1% | -7.4% |
| Gross Margin | 47.5% | 47.4% | 49.1% | 0.2pp | -1.6pp |
| Net Margin | 18.9% | 19.1% | 20.2% | -0.2pp | -1.2pp |
| EPS (Diluted) | $1.59 | $1.57 | $1.66 | 1.3% | -4.2% |
| Free Cash Flow | $2.9B | $3.2B | $4.5B | -9.9% | -36.2% |
| Item | Amount |
|---|---|
| REVENUE | $20.8B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $9.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.1B |
| Other Expenses | $0 |
| Operating Expenses | $5.1B |
| Cost & Expenses | $16.0B |
| OPERATING INCOME | $4.8B |
| Interest Income | $66M |
| Interest Expense | $171M |
| Other Income/Expenses | $50M |
| INCOME BEFORE TAX | $4.8B |
| Income Tax Expense | $876M |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $653M |
| EBIT | $5.0B |
| EBITDA | $5.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $20.8B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $9.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.1B |
| Other Expenses | $0 |
| Operating Expenses | $5.1B |
| Cost & Expenses | $16.0B |
| OPERATING INCOME | $4.8B |
| Interest Income | $66M |
| Interest Expense | $171M |
| Other Income/Expenses | $50M |
| INCOME BEFORE TAX | $4.8B |
| Income Tax Expense | $876M |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $653M |
| EBIT | $5.0B |
| EBITDA | $5.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.9B |
| Depreciation & Amortization | $653M |
| Stock-Based Compensation | $145M |
| Deferred Income Tax | -$268M |
| Other Non-Cash Items | $186M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $3.6B |
| Capital Expenditure | -$708M |
| Acquisitions (Net) | -$74M |
| Purchases of Investments | $55M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $237M |
| NET CASH FROM INVESTING | -$490M |
| Net Debt Issuance | $991M |
| Common Stock Repurchased | -$2.0B |
| Common Dividends Paid | -$2.2B |
| Other Financing Activities | $249M |
| NET CASH FROM FINANCING | -$3.0B |
| FREE CASH FLOW | $2.9B |
| Net Change in Cash | $144M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $0 |
| Net Receivables | $5.8B |
| Inventory | $7.5B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $21.9B |
| PP&E (Net) | $21.2B |
| Goodwill | $40.0B |
| Intangible Assets | $23.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.1B |
| TOTAL NON-CURRENT ASSETS | $95.8B |
| TOTAL ASSETS | $117.7B |
| Account Payables | $14.2B |
| Short-Term Debt | $14.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $38.7B |
| Long-Term Debt | $20.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.5B |
| Other Non-Current Liabilities | $7.2B |
| TOTAL NON-CURRENT LIABILITIES | $34.2B |
| TOTAL LIABILITIES | $73.0B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $66.1B |
| Retained Earnings | $115.9B |
| Treasury Stock | -$129.0B |
| Accum. Other Comp. Income | -$12.5B |
| Other Equity | -$870M |
| TOTAL STOCKHOLDERS' EQUITY | $44.5B |
| Minority Interest | $270M |
| TOTAL EQUITY | $44.7B |
| TOTAL LIABILITIES & EQUITY | $117.7B |
| Total Debt | $34.9B |
| Net Debt | $28.0B |
