| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $6.1B | $6.3B | -1.5% | -4.9% |
| Op. Income | $2.2B | $2.3B | $2.5B | -3.9% | -11.7% |
| Gross Margin | 42.8% | 43.8% | 45.1% | -0.9pp | -2.2pp |
| Net Margin | 26.3% | 26.9% | 29.3% | -0.6pp | -3.0pp |
| EPS (Diluted) | $2.57 | $2.67 | $2.93 | -3.7% | -12.3% |
| Free Cash Flow | $1.2B | $1.1B | $1.1B | 10.8% | 4.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $351M |
| Other Expenses | $0 |
| Operating Expenses | $351M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $339M |
| Other Income/Expenses | -$246M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $389M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $580M |
| EBIT | $2.3B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $351M |
| Other Expenses | $0 |
| Operating Expenses | $351M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $339M |
| Other Income/Expenses | -$246M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $389M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $580M |
| EBIT | $2.3B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $577M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$103M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$835M |
| Acquisitions (Net) | $33M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$67M |
| NET CASH FROM INVESTING | -$869M |
| Net Debt Issuance | -$496M |
| Common Stock Repurchased | -$130M |
| Common Dividends Paid | -$793M |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$252M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $830M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $742M |
| Other Current Assets | $354M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $57.6B |
| Goodwill | $0 |
| Intangible Assets | $741M |
| Long-Term Investments | $2.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $62.3B |
| TOTAL ASSETS | $66.0B |
| Account Payables | $894M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $939M |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $31.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13.1B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $47.6B |
| TOTAL LIABILITIES | $52.8B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $60.5B |
| Treasury Stock | -$54.7B |
| Accum. Other Comp. Income | -$517M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.2B |
| TOTAL LIABILITIES & EQUITY | $66.0B |
| Total Debt | $34.9B |
| Net Debt | $34.0B |
