| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.7B | $4.5B | 4.4% | -15.6% |
| Op. Income | $1.2B | $1.3B | $2.0B | -3.0% | -36.7% |
| Gross Margin | 57.8% | 57.2% | 64.2% | 0.6pp | -6.4pp |
| Net Margin | 29.5% | 30.2% | 38.0% | -0.7pp | -8.5pp |
| EPS (Diluted) | $1.22 | $1.20 | $1.87 | 1.7% | -34.8% |
| Free Cash Flow | $507M | -$231M | -$47M | 319.5% | 1178.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $498M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $465M |
| Other Expenses | $0 |
| Operating Expenses | $963M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $131M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $120M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $381M |
| EBIT | $1.4B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $498M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $465M |
| Other Expenses | $0 |
| Operating Expenses | $963M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $131M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $120M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $381M |
| EBIT | $1.4B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $381M |
| Stock-Based Compensation | $116M |
| Deferred Income Tax | -$85M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $3.1B |
| Other Investing Activities | $30M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$300M |
| Common Stock Repurchased | -$71M |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $507M |
| Net Change in Cash | $257M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $6.9B |
| Net Receivables | $2.7B |
| Inventory | $4.1B |
| Other Current Assets | $303M |
| TOTAL CURRENT ASSETS | $16.8B |
| PP&E (Net) | $11.2B |
| Goodwill | $4.4B |
| Intangible Assets | $230M |
| Long-Term Investments | $0 |
| Tax Assets | $905M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $18.3B |
| TOTAL ASSETS | $35.0B |
| Account Payables | $858M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $569M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $14.2B |
| TOTAL LIABILITIES | $17.8B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | $52.1B |
| Treasury Stock | -$40.1B |
| Accum. Other Comp. Income | -$200M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.2B |
| TOTAL LIABILITIES & EQUITY | $35.0B |
| Total Debt | $13.9B |
| Net Debt | $11.2B |
