| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.6B | — | $26.8B | — | -4.3% |
| Op. Income | $1.9B | — | $3.5B | — | -44.2% |
| Gross Margin | 30.4% | — | 32.1% | — | -1.7pp |
| Net Margin | -1.6% | — | 4.1% | — | -5.7pp |
| EPS (Diluted) | $-0.15 | — | $0.40 | — | -138.2% |
| Free Cash Flow | $3.7B | — | $3.3B | — | 13.0% |
| Item | Amount |
|---|---|
| REVENUE | $25.6B |
| Cost of Revenue | $17.9B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.8B |
| General & Administrative | $3.5B |
| SG&A Expenses | $5.3B |
| Other Expenses | $513M |
| Operating Expenses | $5.9B |
| Cost & Expenses | $23.7B |
| OPERATING INCOME | $1.9B |
| Interest Income | $0 |
| Interest Expense | $1.0B |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | $643M |
| Income Tax Expense | $824M |
| Net Income from Continuing Ops | -$181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$405M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$405M |
| D&A | $5.4B |
| EBIT | $1.9B |
| EBITDA | $7.3B |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$405M |
| Depreciation & Amortization | $6.0B |
| Stock-Based Compensation | $63M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.3B |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | $6.5B |
| Capital Expenditure | -$2.7B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.7B |
| NET CASH FROM INVESTING | -$4.5B |
| Net Debt Issuance | -$4.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | -$2.1B |
| NET CASH FROM FINANCING | -$7.5B |
| FREE CASH FLOW | $3.7B |
| Net Change in Cash | -$5.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.8B |
| Short-Term Investments | $7.3B |
| Net Receivables | $14.6B |
| Inventory | $1.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32.0B |
| PP&E (Net) | $46.3B |
| Goodwill | $34.1B |
| Intangible Assets | $23.4B |
| Long-Term Investments | $23.2B |
| Tax Assets | $24.1B |
| Other Non-Current Assets | $328M |
| TOTAL NON-CURRENT ASSETS | $151.4B |
| TOTAL ASSETS | $183.3B |
| Account Payables | $18.5B |
| Short-Term Debt | $15.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $35.9B |
| Long-Term Debt | $65.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $901M |
| Other Non-Current Liabilities | $5.1B |
| TOTAL NON-CURRENT LIABILITIES | $71.2B |
| TOTAL LIABILITIES | $107.1B |
| Common Stock | $5.9B |
| Additional Paid-In Capital | $184.7B |
| Retained Earnings | -$142.2B |
| Treasury Stock | -$9.5B |
| Accum. Other Comp. Income | $35.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74.8B |
| Minority Interest | $1.4B |
| TOTAL EQUITY | $76.2B |
| TOTAL LIABILITIES & EQUITY | $183.3B |
| Total Debt | $80.5B |
| Net Debt | $71.7B |
