| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.8B | $2.7B | 1.1% | 42.3% |
| Op. Income | $593M | $857M | $879M | -30.9% | -32.6% |
| Gross Margin | 40.9% | 47.7% | 63.1% | -6.8pp | -22.2pp |
| Net Margin | 10.9% | 16.1% | 22.9% | -5.2pp | -12.0pp |
| EPS (Diluted) | $1.65 | $2.46 | $2.57 | -33.0% | -35.8% |
| Free Cash Flow | -$5.1B | -$2.4B | -$8.4B | -115.1% | 39.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $614M |
| SG&A Expenses | $642M |
| Other Expenses | $353M |
| Operating Expenses | $995M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $593M |
| Interest Income | $3.4B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $593M |
| Income Tax Expense | $142M |
| Net Income from Continuing Ops | $450M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $422M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $400M |
| D&A | $164M |
| EBIT | $593M |
| EBITDA | $757M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $614M |
| SG&A Expenses | $642M |
| Other Expenses | $353M |
| Operating Expenses | $995M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $593M |
| Interest Income | $3.4B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $593M |
| Income Tax Expense | $142M |
| Net Income from Continuing Ops | $450M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $422M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $400M |
| D&A | $164M |
| EBIT | $593M |
| EBITDA | $757M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $450M |
| Depreciation & Amortization | $164M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $142M |
| Other Non-Cash Items | $1.9B |
| Change in Working Capital | -$7.6B |
| OPERATING CASH FLOW | -$5.0B |
| Capital Expenditure | -$70M |
| Acquisitions (Net) | -$100M |
| Purchases of Investments | -$6.7B |
| Sales/Maturities of Investments | $6.6B |
| Other Investing Activities | -$41M |
| NET CASH FROM INVESTING | -$233M |
| Net Debt Issuance | -$42M |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$864M |
| NET CASH FROM FINANCING | -$922M |
| FREE CASH FLOW | -$5.1B |
| Net Change in Cash | -$6.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.6B |
| Short-Term Investments | $23.6B |
| Net Receivables | $13.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $52.2B |
| PP&E (Net) | $3.9B |
| Goodwill | $306M |
| Intangible Assets | $896M |
| Long-Term Investments | $260.2B |
| Tax Assets | $51M |
| Other Non-Current Assets | $8.4B |
| TOTAL NON-CURRENT ASSETS | $273.8B |
| TOTAL ASSETS | $326.0B |
| Account Payables | $8.8B |
| Short-Term Debt | $884M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $225.3B |
| TOTAL CURRENT LIABILITIES | $237.6B |
| Long-Term Debt | $49.5B |
| Deferred Revenue NC | $240M |
| Deferred Tax Liabilities | $264M |
| Other Non-Current Liabilities | $16.1B |
| TOTAL NON-CURRENT LIABILITIES | $66.3B |
| TOTAL LIABILITIES | $303.9B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $463M |
| Retained Earnings | $16.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $990M |
| TOTAL STOCKHOLDERS' EQUITY | $20.4B |
| Minority Interest | $1.7B |
| TOTAL EQUITY | $22.1B |
| TOTAL LIABILITIES & EQUITY | $326.0B |
| Total Debt | $50.6B |
| Net Debt | $36.0B |
