| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.3B | $7.0B | $6.8B | 3.5% | 7.1% |
| Op. Income | $1.1B | $999M | $764M | 13.4% | 48.3% |
| Gross Margin | 45.9% | 47.1% | 48.7% | -1.1pp | -2.7pp |
| Net Margin | 14.1% | 11.3% | -5.0% | 2.8pp | 19.1pp |
| EPS (Diluted) | $0.92 | $0.70 | $-0.29 | 31.4% | 417.2% |
| Free Cash Flow | -$350M | $1.0B | $1.1B | -135.0% | -132.6% |
| Item | Amount |
|---|---|
| REVENUE | $7.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $743M |
| Selling & Marketing | $465M |
| General & Administrative | $491M |
| SG&A Expenses | $956M |
| Other Expenses | $516M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $1.1B |
| Interest Income | $116M |
| Interest Expense | $87M |
| Other Income/Expenses | $170M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $274M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $269M |
| EBIT | $1.4B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $743M |
| Selling & Marketing | $465M |
| General & Administrative | $491M |
| SG&A Expenses | $956M |
| Other Expenses | $516M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $1.1B |
| Interest Income | $116M |
| Interest Expense | $87M |
| Other Income/Expenses | $170M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $274M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $269M |
| EBIT | $1.4B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $269M |
| Stock-Based Compensation | $363M |
| Deferred Income Tax | -$79M |
| Other Non-Cash Items | -$1.1B |
| Change in Working Capital | -$678M |
| OPERATING CASH FLOW | -$200M |
| Capital Expenditure | -$150M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.4B |
| Sales/Maturities of Investments | $5.3B |
| Other Investing Activities | $716M |
| NET CASH FROM INVESTING | $1.4B |
| Net Debt Issuance | -$289M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.5B |
| NET CASH FROM FINANCING | -$3.3B |
| FREE CASH FLOW | -$350M |
| Net Change in Cash | -$2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.5B |
| Short-Term Investments | $4.4B |
| Net Receivables | $42.0B |
| Inventory | $0 |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $54.1B |
| PP&E (Net) | $1.6B |
| Goodwill | $11.1B |
| Intangible Assets | $640M |
| Long-Term Investments | $4.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $20.5B |
| TOTAL ASSETS | $74.6B |
| Account Payables | $37.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $41.8B |
| Long-Term Debt | $10.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13.2B |
| TOTAL LIABILITIES | $54.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $18.9B |
| Retained Earnings | $20.8B |
| Treasury Stock | -$19.1B |
| Accum. Other Comp. Income | -$996M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.7B |
| TOTAL LIABILITIES & EQUITY | $74.6B |
| Total Debt | $10.5B |
| Net Debt | $5.0B |
