| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.7B | $10.1B | $9.2B | 5.6% | 15.9% |
| Op. Income | $796M | $172M | $326M | 362.8% | 144.2% |
| Gross Margin | 39.4% | 39.1% | 40.2% | 0.2pp | -0.9pp |
| Net Margin | 9.5% | -6.5% | 4.3% | 15.9pp | 5.2pp |
| EPS (Diluted) | $0.47 | $-0.32 | $0.18 | 246.9% | 161.1% |
| Free Cash Flow | $1.7B | $1.4B | $1.1B | 26.6% | 51.0% |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $760M |
| Selling & Marketing | $1.1B |
| General & Administrative | $686M |
| SG&A Expenses | $1.8B |
| Other Expenses | $855M |
| Operating Expenses | $3.4B |
| Cost & Expenses | $9.9B |
| OPERATING INCOME | $796M |
| Interest Income | $176M |
| Interest Expense | $139M |
| Other Income/Expenses | $269M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $14M |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $181M |
| EBIT | $1.2B |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $760M |
| Selling & Marketing | $1.1B |
| General & Administrative | $686M |
| SG&A Expenses | $1.8B |
| Other Expenses | $855M |
| Operating Expenses | $3.4B |
| Cost & Expenses | $9.9B |
| OPERATING INCOME | $796M |
| Interest Income | $176M |
| Interest Expense | $139M |
| Other Income/Expenses | $269M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $14M |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $181M |
| EBIT | $1.2B |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $181M |
| Stock-Based Compensation | $455M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$339M |
| Change in Working Capital | $515M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$99M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$3.3B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$68M |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | -$42M |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $73M |
| NET CASH FROM FINANCING | -$191M |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $1.8B |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | $679M |
| TOTAL CURRENT ASSETS | $12.5B |
| PP&E (Net) | $3.2B |
| Goodwill | $8.1B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $14.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $29.0B |
| TOTAL ASSETS | $41.5B |
| Account Payables | $752M |
| Short-Term Debt | $351M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.2B |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $9.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $6.4B |
| TOTAL NON-CURRENT LIABILITIES | $17.4B |
| TOTAL LIABILITIES | $27.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $43.1B |
| Retained Earnings | -$30.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$479M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.3B |
| Minority Interest | $1.4B |
| TOTAL EQUITY | $13.8B |
| TOTAL LIABILITIES & EQUITY | $41.5B |
| Total Debt | $11.3B |
| Net Debt | $6.0B |
