| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.8B | $4.4B | 1.5% | 10.3% |
| Op. Income | $1.7B | $1.6B | $1.5B | 4.5% | 14.4% |
| Gross Margin | 88.1% | 88.1% | 87.7% | 0.0pp | 0.5pp |
| Net Margin | 28.7% | 26.9% | 25.6% | 1.8pp | 3.1pp |
| EPS (Diluted) | $3.05 | $2.82 | $2.42 | 8.2% | 26.0% |
| Free Cash Flow | $1.8B | $2.0B | $1.6B | -11.7% | 12.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $580M |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $881M |
| Selling & Marketing | $1.3B |
| General & Administrative | $353M |
| SG&A Expenses | $1.7B |
| Other Expenses | $42M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $340M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $236M |
| EBIT | $1.8B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $580M |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $881M |
| Selling & Marketing | $1.3B |
| General & Administrative | $353M |
| SG&A Expenses | $1.7B |
| Other Expenses | $42M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $46M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $340M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $236M |
| EBIT | $1.8B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $218M |
| Stock-Based Compensation | $442M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$87M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $236M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $145M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$115M |
| NET CASH FROM FINANCING | -$871M |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.6B |
| Short-Term Investments | $915M |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $10.4B |
| PP&E (Net) | $2.4B |
| Goodwill | $12.8B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $18.7B |
| TOTAL ASSETS | $29.1B |
| Account Payables | $314M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5.4B |
| Other Current Liabilities | $585M |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $108M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $850M |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $13.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $11.2B |
| Retained Earnings | $32.0B |
| Treasury Stock | -$27.1B |
| Accum. Other Comp. Income | -$285M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.8B |
| TOTAL LIABILITIES & EQUITY | $29.1B |
| Total Debt | $4.1B |
| Net Debt | -$2.5B |
