| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.7B | $10.7B | $11.0B | -0.2% | -2.6% |
| Op. Income | $1.8B | $1.7B | $1.9B | 4.5% | -8.2% |
| Gross Margin | 39.9% | 39.1% | 41.8% | 0.9pp | -1.9pp |
| Net Margin | 12.7% | 12.0% | 15.2% | 0.7pp | -2.4pp |
| EPS (Diluted) | $3.51 | $3.32 | $4.22 | 5.7% | -16.8% |
| Free Cash Flow | $1.3B | $271M | $1.0B | 363.5% | 22.9% |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $345M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $8.9B |
| OPERATING INCOME | $1.8B |
| Interest Income | $178M |
| Interest Expense | $326M |
| Other Income/Expenses | -$367M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $855M |
| EBIT | $1.8B |
| EBITDA | $2.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $345M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $8.9B |
| OPERATING INCOME | $1.8B |
| Interest Income | $178M |
| Interest Expense | $326M |
| Other Income/Expenses | -$367M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $855M |
| EBIT | $1.8B |
| EBITDA | $2.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $855M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | -$182M |
| Other Non-Cash Items | $149M |
| Change in Working Capital | -$718M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$284M |
| Acquisitions (Net) | -$47M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$112M |
| NET CASH FROM INVESTING | -$443M |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$135M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$347M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $0 |
| Net Receivables | $9.5B |
| Inventory | $5.7B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $20.0B |
| PP&E (Net) | $9.3B |
| Goodwill | $43.3B |
| Intangible Assets | $17.4B |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.1B |
| TOTAL NON-CURRENT ASSETS | $74.1B |
| TOTAL ASSETS | $94.1B |
| Account Payables | $2.4B |
| Short-Term Debt | $4.8B |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $14.1B |
| Long-Term Debt | $29.2B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $2.8B |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $36.1B |
| TOTAL LIABILITIES | $50.2B |
| Common Stock | $441M |
| Additional Paid-In Capital | $17.0B |
| Retained Earnings | $44.3B |
| Treasury Stock | -$15.1B |
| Accum. Other Comp. Income | -$2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43.8B |
| Minority Interest | $163M |
| TOTAL EQUITY | $43.9B |
| TOTAL LIABILITIES & EQUITY | $94.1B |
| Total Debt | $34.0B |
| Net Debt | $30.9B |
