| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.0B | $7.9B | $7.2B | 0.6% | 11.1% |
| Op. Income | $5.3B | $5.1B | $4.8B | 4.8% | 11.1% |
| Gross Margin | 78.8% | 80.9% | 80.3% | -2.1pp | -1.5pp |
| Net Margin | 53.3% | 52.7% | 50.7% | 0.7pp | 2.6pp |
| EPS (Diluted) | $2.03 | $1.99 | $1.70 | 2.0% | 19.4% |
| Free Cash Flow | $3.6B | $3.9B | $3.2B | -6.9% | 13.3% |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $309M |
| General & Administrative | $412M |
| SG&A Expenses | $721M |
| Other Expenses | $234M |
| Operating Expenses | $955M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $5.3B |
| Interest Income | $0 |
| Interest Expense | $142M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $5.3B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $234M |
| EBIT | $5.4B |
| EBITDA | $5.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $309M |
| General & Administrative | $412M |
| SG&A Expenses | $721M |
| Other Expenses | $234M |
| Operating Expenses | $955M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $5.3B |
| Interest Income | $0 |
| Interest Expense | $142M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $5.3B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $234M |
| EBIT | $5.4B |
| EBITDA | $5.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.3B |
| Depreciation & Amortization | $234M |
| Stock-Based Compensation | $214M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $3.0B |
| Change in Working Capital | -$3.8B |
| OPERATING CASH FLOW | $3.9B |
| Capital Expenditure | -$210M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$542M |
| Sales/Maturities of Investments | $450M |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$325M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.2B |
| Common Dividends Paid | -$941M |
| Other Financing Activities | $209M |
| NET CASH FROM FINANCING | -$2.9B |
| FREE CASH FLOW | $3.6B |
| Net Change in Cash | $745M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.8B |
| Short-Term Investments | $2.8B |
| Net Receivables | $4.1B |
| Inventory | $0 |
| Other Current Assets | $8.0B |
| TOTAL CURRENT ASSETS | $28.7B |
| PP&E (Net) | $3.4B |
| Goodwill | $18.1B |
| Intangible Assets | $26.6B |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.2B |
| TOTAL NON-CURRENT ASSETS | $58.1B |
| TOTAL ASSETS | $86.8B |
| Account Payables | $280M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.8B |
| TOTAL CURRENT LIABILITIES | $19.1B |
| Long-Term Debt | $20.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.5B |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $29.1B |
| TOTAL LIABILITIES | $48.2B |
| Common Stock | $22.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $17.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$990M |
| Other Equity | -$1.9B |
| TOTAL STOCKHOLDERS' EQUITY | $38.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $38.6B |
| TOTAL LIABILITIES & EQUITY | $86.8B |
| Total Debt | $20.6B |
| Net Debt | $6.8B |
