Reported June 29, 2023
| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.1B | $2.1B | 3.6% | 1.7% |
| Op. Income | $670M | $661M | $712M | 1.4% | -6.0% |
| Gross Margin | 69.2% | 70.2% | 72.3% | -1.0pp | -3.0pp |
| Net Margin | 16.9% | 17.8% | 19.6% | -0.9pp | -2.6pp |
| EPS (Diluted) | $0.37 | $0.37 | $0.57 | -1.4% | -34.7% |
| Free Cash Flow | $472M | $159M | $440M | 196.4% | 7.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $665M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $52M |
| General & Administrative | $315M |
| SG&A Expenses | $367M |
| Other Expenses | $459M |
| Operating Expenses | $826M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $670M |
| Interest Income | $17M |
| Interest Expense | $68M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $619M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $484M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $366M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $366M |
| D&A | $466M |
| EBIT | $686M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $665M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $52M |
| General & Administrative | $315M |
| SG&A Expenses | $367M |
| Other Expenses | $459M |
| Operating Expenses | $826M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $670M |
| Interest Income | $17M |
| Interest Expense | $68M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $619M |
| Income Tax Expense | $135M |
| Net Income from Continuing Ops | $484M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $366M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $366M |
| D&A | $466M |
| EBIT | $686M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $366M |
| Depreciation & Amortization | $466M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$67M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $765M |
| Capital Expenditure | -$293M |
| Acquisitions (Net) | -$95M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$411M |
| Net Debt Issuance | $697M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$439M |
| NET CASH FROM FINANCING | $258M |
| FREE CASH FLOW | $472M |
| Net Change in Cash | $612M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $63M |
| Net Receivables | $832M |
| Inventory | $65M |
| Other Current Assets | $422M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $11.0B |
| Goodwill | $63M |
| Intangible Assets | $885M |
| Long-Term Investments | $533M |
| Tax Assets | $231M |
| Other Non-Current Assets | $256M |
| TOTAL NON-CURRENT ASSETS | $13.0B |
| TOTAL ASSETS | $16.8B |
| Account Payables | $888M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $580M |
| Other Current Liabilities | $5.5B |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $85M |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $724M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $286M |
| Additional Paid-In Capital | $157M |
| Retained Earnings | $6.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $552M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $954M |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $16.8B |
| Total Debt | $4.3B |
| Net Debt | $2.0B |