| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.8B | $11.8B | $11.8B | 8.3% | 7.7% |
| Op. Income | $1.3B | $1.2B | $1.1B | 10.1% | 17.5% |
| Gross Margin | 30.2% | 28.9% | 27.6% | 1.2pp | 2.5pp |
| Net Margin | 7.8% | 7.6% | 6.8% | 0.2pp | 0.9pp |
| EPS (Diluted) | $0.85 | $0.76 | $0.69 | 11.8% | 23.2% |
| Free Cash Flow | $882M | $384M | $262M | 129.7% | 237.2% |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $8.9B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $11.5B |
| OPERATING INCOME | $1.3B |
| Interest Income | $57M |
| Interest Expense | $19M |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $338M |
| Net Income from Continuing Ops | $989M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $989M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $989M |
| D&A | $235M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $8.9B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $11.5B |
| OPERATING INCOME | $1.3B |
| Interest Income | $57M |
| Interest Expense | $19M |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $338M |
| Net Income from Continuing Ops | $989M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $989M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $989M |
| D&A | $235M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $989M |
| Depreciation & Amortization | $235M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $82M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$459M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$457M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$549M |
| Common Dividends Paid | -$382M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $882M |
| Net Change in Cash | -$475M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $0 |
| Net Receivables | $696M |
| Inventory | $6.6B |
| Other Current Assets | $507M |
| TOTAL CURRENT ASSETS | $12.3B |
| PP&E (Net) | $15.6B |
| Goodwill | $95M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $149M |
| Other Non-Current Assets | $768M |
| TOTAL NON-CURRENT ASSETS | $16.6B |
| TOTAL ASSETS | $28.9B |
| Account Payables | $4.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $132M |
| Other Non-Current Liabilities | $915M |
| TOTAL NON-CURRENT LIABILITIES | $12.0B |
| TOTAL LIABILITIES | $22.3B |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$551M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $28.9B |
| Total Debt | $12.6B |
| Net Debt | $8.0B |
