| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24.8B | $25.3B | $26.0B | -2.2% | -4.9% |
| Op. Income | $1.2B | $1.3B | $321M | -9.9% | 272.9% |
| Gross Margin | 28.2% | 27.4% | 22.6% | 0.8pp | 5.5pp |
| Net Margin | 3.4% | 3.8% | 0.7% | -0.4pp | 2.7pp |
| EPS (Diluted) | $1.80 | $2.05 | $0.39 | -12.2% | 361.5% |
| Free Cash Flow | $913M | -$340M | -$224M | 368.5% | 507.6% |
| Item | Amount |
|---|---|
| REVENUE | $24.8B |
| Cost of Revenue | $17.8B |
| GROSS PROFIT | $7.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.2B |
| Other Expenses | $594M |
| Operating Expenses | $5.8B |
| Cost & Expenses | $23.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $141M |
| Other Income/Expenses | -$125M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $237M |
| Net Income from Continuing Ops | $835M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $835M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $835M |
| D&A | $683M |
| EBIT | $1.2B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $24.8B |
| Cost of Revenue | $17.8B |
| GROSS PROFIT | $7.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.2B |
| Other Expenses | $594M |
| Operating Expenses | $5.8B |
| Cost & Expenses | $23.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $141M |
| Other Income/Expenses | -$125M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $237M |
| Net Income from Continuing Ops | $835M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $835M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $835M |
| D&A | $683M |
| EBIT | $1.2B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $835M |
| Depreciation & Amortization | $683M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | $46M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $483M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | -$1M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$116M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$499M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$618M |
| FREE CASH FLOW | $913M |
| Net Change in Cash | $296M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $12.7B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $16.1B |
| PP&E (Net) | $35.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $37.1B |
| TOTAL ASSETS | $53.2B |
| Account Payables | $12.3B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.3B |
| Long-Term Debt | $14.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.3B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $21.9B |
| TOTAL LIABILITIES | $41.2B |
| Common Stock | $38M |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | $5.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$425M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.0B |
| TOTAL LIABILITIES & EQUITY | $53.2B |
| Total Debt | $18.8B |
| Net Debt | $17.2B |
