| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.2B | $2.2B | 7.8% | 8.3% |
| Op. Income | $906M | $801M | $834M | 13.1% | 8.6% |
| Gross Margin | 70.2% | 68.9% | 70.5% | 1.3pp | -0.2pp |
| Net Margin | 26.4% | 27.4% | 30.8% | -0.9pp | -4.4pp |
| EPS (Diluted) | $1.37 | $1.31 | $1.45 | 4.6% | -5.5% |
| Free Cash Flow | $370M | $455M | $17M | -18.7% | 2076.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $703M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $171M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $581M |
| Other Expenses | $0 |
| Operating Expenses | $752M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $906M |
| Interest Income | $24M |
| Interest Expense | $63M |
| Other Income/Expenses | -$126M |
| INCOME BEFORE TAX | $780M |
| Income Tax Expense | $156M |
| Net Income from Continuing Ops | $624M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $624M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $624M |
| D&A | $127M |
| EBIT | $843M |
| EBITDA | $970M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $703M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $171M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $581M |
| Other Expenses | $0 |
| Operating Expenses | $752M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $906M |
| Interest Income | $24M |
| Interest Expense | $63M |
| Other Income/Expenses | -$126M |
| INCOME BEFORE TAX | $780M |
| Income Tax Expense | $156M |
| Net Income from Continuing Ops | $624M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $624M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $624M |
| D&A | $127M |
| EBIT | $843M |
| EBITDA | $970M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $624M |
| Depreciation & Amortization | $127M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$101M |
| Other Non-Cash Items | $72M |
| Change in Working Capital | -$239M |
| OPERATING CASH FLOW | $502M |
| Capital Expenditure | -$132M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$132M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$533M |
| Common Dividends Paid | -$197M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$763M |
| FREE CASH FLOW | $370M |
| Net Change in Cash | -$401M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $2.5B |
| Other Current Assets | $794M |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $3.4B |
| Goodwill | $2.7B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $366M |
| Other Non-Current Assets | $210M |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $14.2B |
| Account Payables | $420M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $394M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $6.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $175M |
| Other Non-Current Liabilities | $489M |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $9.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $11.1B |
| Treasury Stock | -$6.5B |
| Accum. Other Comp. Income | -$845M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | -$6M |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $6.7B |
| Net Debt | $5.2B |
