| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.3B | $11.4B | $12.5B | 17.0% | 6.5% |
| Op. Income | $1.9B | $1.4B | $2.2B | 29.0% | -14.2% |
| Gross Margin | 70.0% | 69.5% | 69.4% | 0.6pp | 0.6pp |
| Net Margin | 9.8% | 11.6% | 13.4% | -1.9pp | -3.7pp |
| EPS (Diluted) | $0.53 | $0.54 | $0.67 | -2.2% | -21.1% |
| Free Cash Flow | -$589M | $0 | $2.8B | — | -120.8% |
| Item | Amount |
|---|---|
| REVENUE | $13.3B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $9.3B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.1B |
| Other Expenses | $2.4B |
| Operating Expenses | $7.5B |
| Cost & Expenses | $11.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $303M |
| Interest Expense | $356M |
| Other Income/Expenses | -$209M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $350M |
| 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 | $1.3B |
| D&A | $583M |
| EBIT | $1.8B |
| EBITDA | $2.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.3B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $9.3B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.1B |
| Other Expenses | $2.4B |
| Operating Expenses | $7.5B |
| Cost & Expenses | $11.4B |
| OPERATING INCOME | $1.9B |
| Interest Income | $303M |
| Interest Expense | $356M |
| Other Income/Expenses | -$209M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $350M |
| 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 | $1.3B |
| D&A | $583M |
| EBIT | $1.8B |
| EBITDA | $2.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $202M |
| Deferred Income Tax | -$912M |
| Other Non-Cash Items | $2.5B |
| Change in Working Capital | -$3.1B |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$2.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.4B |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $710M |
| NET CASH FROM INVESTING | -$4.0B |
| Net Debt Issuance | $6.1B |
| Common Stock Repurchased | -$353M |
| Common Dividends Paid | -$5.5B |
| Other Financing Activities | -$205M |
| NET CASH FROM FINANCING | $104M |
| FREE CASH FLOW | -$589M |
| Net Change in Cash | -$2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $0 |
| Net Receivables | $10.3B |
| Inventory | $12.4B |
| Other Current Assets | $4.5B |
| TOTAL CURRENT ASSETS | $35.2B |
| PP&E (Net) | $13.9B |
| Goodwill | $58.6B |
| Intangible Assets | $31.2B |
| Long-Term Investments | $3.8B |
| Tax Assets | $8.5B |
| Other Non-Current Assets | $644M |
| TOTAL NON-CURRENT ASSETS | $116.5B |
| TOTAL ASSETS | $151.7B |
| Account Payables | $8.7B |
| Short-Term Debt | $11.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.8B |
| TOTAL CURRENT LIABILITIES | $35.1B |
| Long-Term Debt | $14.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $12.5B |
| TOTAL NON-CURRENT LIABILITIES | $31.3B |
| TOTAL LIABILITIES | $66.4B |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $371M |
| Retained Earnings | $76.1B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | $7.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $85.0B |
| Minority Interest | $359M |
| TOTAL EQUITY | $85.3B |
| TOTAL LIABILITIES & EQUITY | $151.7B |
| Total Debt | $28.1B |
| Net Debt | $20.2B |
