| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26.8B | — | $26.3B | — | 2.0% |
| Op. Income | $3.5B | — | $3.1B | — | 13.3% |
| Gross Margin | 32.1% | — | 32.9% | — | -0.8pp |
| Net Margin | 4.1% | — | 4.4% | — | -0.3pp |
| EPS (Diluted) | $0.40 | — | $0.40 | — | 0.0% |
| Free Cash Flow | $3.3B | — | $3.9B | — | -15.4% |
| Item | Amount |
|---|---|
| REVENUE | $26.8B |
| Cost of Revenue | $18.2B |
| GROSS PROFIT | $8.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.0B |
| General & Administrative | $3.3B |
| SG&A Expenses | $5.3B |
| Other Expenses | -$173M |
| Operating Expenses | $5.1B |
| Cost & Expenses | $23.3B |
| OPERATING INCOME | $3.5B |
| Interest Income | $0 |
| Interest Expense | $1.1B |
| Other Income/Expenses | -$1.5B |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $567M |
| Net Income from Continuing Ops | $1.4B |
| 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 | $5.6B |
| EBIT | $3.0B |
| EBITDA | $8.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $26.8B |
| Cost of Revenue | $18.2B |
| GROSS PROFIT | $8.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $2.0B |
| General & Administrative | $3.3B |
| SG&A Expenses | $5.3B |
| Other Expenses | -$173M |
| Operating Expenses | $5.1B |
| Cost & Expenses | $23.3B |
| OPERATING INCOME | $3.5B |
| Interest Income | $0 |
| Interest Expense | $1.1B |
| Other Income/Expenses | -$1.5B |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $567M |
| Net Income from Continuing Ops | $1.4B |
| 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 | $5.6B |
| EBIT | $3.0B |
| EBITDA | $8.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $8.0B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$1.8B |
| OPERATING CASH FLOW | $7.3B |
| Capital Expenditure | -$4.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$740M |
| NET CASH FROM INVESTING | -$4.8B |
| Net Debt Issuance | -$6.3B |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | $5.5B |
| NET CASH FROM FINANCING | -$3.5B |
| FREE CASH FLOW | $3.3B |
| Net Change in Cash | -$608M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.3B |
| Short-Term Investments | $9.1B |
| Net Receivables | $13.2B |
| Inventory | $1.2B |
| Other Current Assets | $3.7B |
| TOTAL CURRENT ASSETS | $35.5B |
| PP&E (Net) | $46.6B |
| Goodwill | $36.5B |
| Intangible Assets | $23.9B |
| Long-Term Investments | $6.4B |
| Tax Assets | $21.9B |
| Other Non-Current Assets | $13.3B |
| TOTAL NON-CURRENT ASSETS | $148.6B |
| TOTAL ASSETS | $184.1B |
| Account Payables | $18.4B |
| Short-Term Debt | $18.3B |
| Deferred Revenue | -$18.5B |
| Other Current Liabilities | $2.8B |
| TOTAL CURRENT LIABILITIES | $40.3B |
| Long-Term Debt | $70.0B |
| Deferred Revenue NC | $63.3B |
| Deferred Tax Liabilities | $796M |
| Other Non-Current Liabilities | -$7.8B |
| TOTAL NON-CURRENT LIABILITIES | $76.3B |
| TOTAL LIABILITIES | $116.6B |
| Common Stock | $5.6B |
| Additional Paid-In Capital | $174.3B |
| Retained Earnings | -$143.2B |
| Treasury Stock | -$8.4B |
| Accum. Other Comp. Income | $36.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64.8B |
| Minority Interest | $2.7B |
| TOTAL EQUITY | $67.5B |
| TOTAL LIABILITIES & EQUITY | $184.1B |
| Total Debt | $88.4B |
| Net Debt | $80.1B |
