| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.4B | $6.5B | -1.5% | -1.9% |
| Op. Income | $1.7B | $1.8B | $1.7B | -2.8% | 3.3% |
| Gross Margin | 73.9% | 73.6% | 72.0% | 0.3pp | 1.9pp |
| Net Margin | 21.0% | 21.1% | 20.0% | -0.1pp | 1.0pp |
| EPS (Diluted) | $0.66 | $0.68 | $0.64 | -2.9% | 3.1% |
| Free Cash Flow | -$4.3B | -$1.5B | -$5.5B | -189.8% | 20.4% |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $1.4B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $1.7B |
| Interest Income | $3.8B |
| Interest Expense | $1.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $415M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $362M |
| EBIT | $1.7B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $1.4B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $1.7B |
| Interest Income | $3.8B |
| Interest Expense | $1.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $415M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $362M |
| EBIT | $1.7B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $362M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | -$60M |
| Other Non-Cash Items | $333M |
| Change in Working Capital | -$6.3B |
| OPERATING CASH FLOW | -$4.3B |
| Capital Expenditure | -$89M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$735M |
| Sales/Maturities of Investments | $12.0B |
| Other Investing Activities | -$1.5B |
| NET CASH FROM INVESTING | $9.7B |
| Net Debt Issuance | $1.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$575M |
| Other Financing Activities | -$17.0B |
| NET CASH FROM FINANCING | -$16.0B |
| FREE CASH FLOW | -$4.3B |
| Net Change in Cash | -$10.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25.4B |
| Short-Term Investments | $92.0B |
| Net Receivables | $72.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $190.1B |
| PP&E (Net) | $3.4B |
| Goodwill | $12.0B |
| Intangible Assets | $8.0B |
| Long-Term Investments | $187.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $49.0B |
| TOTAL NON-CURRENT ASSETS | $259.5B |
| TOTAL ASSETS | $449.7B |
| Account Payables | $80.0B |
| Short-Term Debt | $34.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $252.4B |
| TOTAL CURRENT LIABILITIES | $366.8B |
| Long-Term Debt | $22.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16.5B |
| TOTAL NON-CURRENT LIABILITIES | $38.9B |
| TOTAL LIABILITIES | $405.7B |
| Common Stock | $21M |
| Additional Paid-In Capital | $27.5B |
| Retained Earnings | $35.5B |
| Treasury Stock | -$11.3B |
| Accum. Other Comp. Income | -$16.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $44.0B |
| TOTAL LIABILITIES & EQUITY | $449.7B |
| Total Debt | $56.8B |
| Net Debt | $31.5B |
