| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.2B | — | $9.0B | — | -9.0% |
| Op. Income | $1.2B | — | $1.8B | — | -33.9% |
| Gross Margin | 41.9% | — | 40.7% | — | 1.2pp |
| Net Margin | 7.0% | — | 9.7% | — | -2.7pp |
| EPS (Diluted) | $0.82 | — | $1.38 | — | -40.6% |
| Free Cash Flow | -$418M | — | -$165M | — | -153.2% |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $306M |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $1.2B |
| Interest Income | $207M |
| Interest Expense | $0 |
| Other Income/Expenses | -$546M |
| INCOME BEFORE TAX | $749M |
| Income Tax Expense | $194M |
| Net Income from Continuing Ops | $444M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $578M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $440M |
| D&A | $465M |
| EBIT | $888M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $306M |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $1.2B |
| Interest Income | $207M |
| Interest Expense | $0 |
| Other Income/Expenses | -$546M |
| INCOME BEFORE TAX | $749M |
| Income Tax Expense | $194M |
| Net Income from Continuing Ops | $444M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $578M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $440M |
| D&A | $465M |
| EBIT | $888M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $578M |
| Depreciation & Amortization | $465M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$98M |
| Change in Working Capital | -$434M |
| OPERATING CASH FLOW | $540M |
| Capital Expenditure | -$958M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$47M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$280M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$386M |
| FREE CASH FLOW | -$418M |
| Net Change in Cash | -$884M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $0 |
| Net Receivables | $2.5B |
| Inventory | $2.7B |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $14.3B |
| Goodwill | $0 |
| Intangible Assets | $178M |
| Long-Term Investments | $935M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $18.1B |
| TOTAL ASSETS | $25.8B |
| Account Payables | $143M |
| Short-Term Debt | $398M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.0B |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$247M |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $13.6B |
| Common Stock | $597M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $250M |
| TOTAL EQUITY | $12.2B |
| TOTAL LIABILITIES & EQUITY | $25.8B |
| Total Debt | $8.5B |
| Net Debt | $6.1B |
