| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.8B | $10.5B | $10.3B | 3.2% | 5.3% |
| Op. Income | $2.1B | $1.7B | $1.8B | 22.9% | 17.4% |
| Gross Margin | 58.1% | 58.6% | 61.6% | -0.5pp | -3.6pp |
| Net Margin | 14.8% | 12.6% | 13.3% | 2.2pp | 1.6pp |
| EPS (Diluted) | $0.97 | $0.78 | $0.84 | 24.4% | 15.5% |
| Free Cash Flow | $2.9B | $2.7B | $3.3B | 8.0% | -13.3% |
| Item | Amount |
|---|---|
| REVENUE | $10.8B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $158M |
| General & Administrative | $2.6B |
| SG&A Expenses | $2.8B |
| Other Expenses | $1.4B |
| Operating Expenses | $4.2B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $2.1B |
| Interest Income | $8.0B |
| Interest Expense | $4.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $445M |
| 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 | $1.5B |
| D&A | $234M |
| EBIT | $2.1B |
| EBITDA | $2.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.8B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $158M |
| General & Administrative | $2.6B |
| SG&A Expenses | $2.8B |
| Other Expenses | $1.4B |
| Operating Expenses | $4.2B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $2.1B |
| Interest Income | $8.0B |
| Interest Expense | $4.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $445M |
| 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 | $1.5B |
| D&A | $234M |
| EBIT | $2.1B |
| EBITDA | $2.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $234M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.0B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9.3B |
| Sales/Maturities of Investments | $3.7B |
| Other Investing Activities | -$2.7B |
| NET CASH FROM INVESTING | -$8.3B |
| Net Debt Issuance | -$543M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$769M |
| Other Financing Activities | -$4.3B |
| NET CASH FROM FINANCING | -$5.7B |
| FREE CASH FLOW | $2.9B |
| Net Change in Cash | -$11.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65.8B |
| Short-Term Investments | $80.2B |
| Net Receivables | $8.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $154.4B |
| PP&E (Net) | $3.6B |
| Goodwill | $12.5B |
| Intangible Assets | $5.8B |
| Long-Term Investments | $443.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $60.3B |
| TOTAL NON-CURRENT ASSETS | $525.6B |
| TOTAL ASSETS | $680.1B |
| Account Payables | $0 |
| Short-Term Debt | $16.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $523.8B |
| TOTAL CURRENT LIABILITIES | $540.3B |
| Long-Term Debt | $52.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30.1B |
| TOTAL NON-CURRENT LIABILITIES | $82.8B |
| TOTAL LIABILITIES | $623.2B |
| Common Stock | $21M |
| Additional Paid-In Capital | $8.7B |
| Retained Earnings | $75.2B |
| Treasury Stock | -$24.0B |
| Accum. Other Comp. Income | -$10.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56.4B |
| Minority Interest | $465M |
| TOTAL EQUITY | $56.9B |
| TOTAL LIABILITIES & EQUITY | $680.1B |
| Total Debt | $69.3B |
| Net Debt | $3.4B |
