| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21.4B | $21.9B | $20.8B | -2.0% | 3.2% |
| Op. Income | $4.4B | $5.8B | $4.8B | -23.1% | -7.4% |
| Gross Margin | 52.7% | 52.0% | 47.5% | 0.7pp | 5.1pp |
| Net Margin | 16.2% | 20.7% | 18.9% | -4.5pp | -2.8pp |
| EPS (Diluted) | $1.40 | $1.83 | $1.59 | -23.5% | -11.9% |
| Free Cash Flow | $4.3B | $4.0B | $2.9B | 7.6% | 49.4% |
| Item | Amount |
|---|---|
| REVENUE | $21.4B |
| Cost of Revenue | $10.1B |
| GROSS PROFIT | $11.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.5B |
| Other Expenses | $1.3B |
| Operating Expenses | $6.9B |
| Cost & Expenses | $17.0B |
| OPERATING INCOME | $4.4B |
| Interest Income | $133M |
| Interest Expense | $248M |
| Other Income/Expenses | $63M |
| INCOME BEFORE TAX | $4.5B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $3.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.5B |
| Net Income Deductions | $70M |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $721M |
| EBIT | $4.7B |
| EBITDA | $5.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $21.4B |
| Cost of Revenue | $10.1B |
| GROSS PROFIT | $11.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.5B |
| Other Expenses | $1.3B |
| Operating Expenses | $6.9B |
| Cost & Expenses | $17.0B |
| OPERATING INCOME | $4.4B |
| Interest Income | $133M |
| Interest Expense | $248M |
| Other Income/Expenses | $63M |
| INCOME BEFORE TAX | $4.5B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $3.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.5B |
| Net Income Deductions | $70M |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $721M |
| EBIT | $4.7B |
| EBITDA | $5.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.5B |
| Depreciation & Amortization | $721M |
| Stock-Based Compensation | $150M |
| Deferred Income Tax | -$256M |
| Other Non-Cash Items | $1.5B |
| Change in Working Capital | -$487M |
| OPERATING CASH FLOW | $5.1B |
| Capital Expenditure | -$817M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$190M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | -$2.8B |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$2.3B |
| Other Financing Activities | $88M |
| NET CASH FROM FINANCING | -$6.0B |
| FREE CASH FLOW | $4.3B |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $0 |
| Net Receivables | $6.3B |
| Inventory | $7.2B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $23.1B |
| PP&E (Net) | $22.1B |
| Goodwill | $40.9B |
| Intangible Assets | $22.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.2B |
| TOTAL NON-CURRENT ASSETS | $97.6B |
| TOTAL ASSETS | $120.7B |
| Account Payables | $14.2B |
| Short-Term Debt | $10.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $36.0B |
| Long-Term Debt | $23.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.2B |
| Other Non-Current Liabilities | $6.6B |
| TOTAL NON-CURRENT LIABILITIES | $35.9B |
| TOTAL LIABILITIES | $71.9B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $66.9B |
| Retained Earnings | $121.6B |
| Treasury Stock | -$131.9B |
| Accum. Other Comp. Income | -$12.2B |
| Other Equity | -$782M |
| TOTAL STOCKHOLDERS' EQUITY | $48.5B |
| Minority Interest | $294M |
| TOTAL EQUITY | $48.8B |
| TOTAL LIABILITIES & EQUITY | $120.7B |
| Total Debt | $33.7B |
| Net Debt | $25.8B |