| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.5B | $10.3B | $10.7B | 1.9% | -1.4% |
| Op. Income | $1.8B | $1.7B | $1.8B | 2.2% | -1.3% |
| Gross Margin | 41.2% | 40.8% | 39.9% | 0.4pp | 1.3pp |
| Net Margin | 14.7% | 12.8% | 12.7% | 1.8pp | 2.0pp |
| EPS (Diluted) | $4.04 | $3.46 | $3.51 | 16.8% | 15.1% |
| Free Cash Flow | $1.7B | $904M | $1.3B | 83.5% | 32.1% |
| Item | Amount |
|---|---|
| REVENUE | $10.5B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $339M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $8.8B |
| OPERATING INCOME | $1.8B |
| Interest Income | $295M |
| Interest Expense | $421M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $128M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $790M |
| EBIT | $2.2B |
| EBITDA | $3.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $10.5B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $339M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $8.8B |
| OPERATING INCOME | $1.8B |
| Interest Income | $295M |
| Interest Expense | $421M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $128M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $790M |
| EBIT | $2.2B |
| EBITDA | $3.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $790M |
| Stock-Based Compensation | $84M |
| Deferred Income Tax | -$354M |
| Other Non-Cash Items | $108M |
| Change in Working Capital | -$216M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$301M |
| Acquisitions (Net) | $16M |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$253M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$149M |
| Other Financing Activities | $36M |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.1B |
| Short-Term Investments | $1.8B |
| Net Receivables | $9.4B |
| Inventory | $5.2B |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $25.5B |
| PP&E (Net) | $9.3B |
| Goodwill | $43.8B |
| Intangible Assets | $15.5B |
| Long-Term Investments | $492M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $73.0B |
| TOTAL ASSETS | $98.5B |
| Account Payables | $2.5B |
| Short-Term Debt | $5.1B |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $14.8B |
| Long-Term Debt | $30.3B |
| Deferred Revenue NC | $1.5B |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $36.2B |
| TOTAL LIABILITIES | $51.0B |
| Common Stock | $443M |
| Additional Paid-In Capital | $17.6B |
| Retained Earnings | $49.9B |
| Treasury Stock | -$18.2B |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47.4B |
| Minority Interest | $103M |
| TOTAL EQUITY | $47.5B |
| TOTAL LIABILITIES & EQUITY | $98.5B |
| Total Debt | $35.4B |
| Net Debt | $28.3B |
