Revenue and Profitability
- Revenue: $3,373,000,000 for Q2 2024, YoY +1.63%, QoQ +2.21%.
- Gross Profit: $2,152,000,000; Gross margin 63.80%; YoY margin impact -12.23%, QoQ +5.75%.
- Operating Income: $855,000,000; Operating margin 25.35%; YoY margin impact -26.23%, QoQ +28.77%.
- Net Income: $655,000,000; Net margin 19.42%; YoY -24.45%, QoQ +23.35%.
- Earnings per Share (diluted): $3.73; YoY -26.04%, QoQ +23.36%.
Liquidity and Cash Flow
- Operating cash flow: $1,354,000,000; Free cash flow: $1,288,000,000; Net change in cash: +$83,000,000.
- Cash and cash equivalents: $26,570,000,000; Total cash and short-term investments: $36,405,000,000; Cash at period end: $1,778,000,000 (net change +$83M).
- Net cash provided by operating activities: $1,354,000,000; Net cash used for investing activities: $(5,625,000,000); Net cash used provided by financing activities: $(6,896,000,000).
Balance Sheet and Capitalization
- Total assets: $208,855,000,000; Total liabilities: $180,431,000,000; Total stockholders’ equity: $28,424,000,000.
- Liquidity metrics: Current ratio 0.50, Quick ratio 0.50, Cash ratio 0.497.
- Leverage and capital: Total debt $16,083,000,000; Net debt position -$10,487,000,000; Debt to capitalization 0.361; Debt to equity 0.566; Equity multiplier 7.35.
- Dividends and payouts: Dividends paid $249,000,000; Dividend payout ratio 38.0%; Dividend yield ~5.77%.
Valuation and Efficiency
- Price-to-book: 0.152x; Price-to-earnings: 1.65x; Price-to-sales: 1.28x; Price-to-free-cash-flow roughly 4.53x.
- Operating cash flow yield vs. sales: 6.10 per share; Free cash flow per share: 5.70; Cash per share: 217.47.
- Efficiency: Interest expense $1,071,000,000; Depreciation & amortization $127,000,000; Operating expenses $1,297,000,000; Cost of revenue $1,221,000,000.