| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.3B | $3.1B | -5.7% | -1.1% |
| Op. Income | $929M | $1.1B | $893M | -17.6% | 4.1% |
| Gross Margin | 63.8% | 65.7% | 65.7% | -2.0pp | -1.9pp |
| Net Margin | 28.5% | 30.0% | 24.1% | -1.5pp | 4.4pp |
| EPS (Diluted) | $1.74 | $1.92 | $1.44 | -9.4% | 20.8% |
| Free Cash Flow | $818M | $797M | $1.1B | 2.6% | -24.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $424M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $334M |
| Other Expenses | $274M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $929M |
| Interest Income | $9M |
| Interest Expense | $69M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $875M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $877M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $877M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $877M |
| D&A | $588M |
| EBIT | $944M |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $424M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $334M |
| Other Expenses | $274M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $929M |
| Interest Income | $9M |
| Interest Expense | $69M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $875M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $877M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $877M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $877M |
| D&A | $588M |
| EBIT | $944M |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $877M |
| Depreciation & Amortization | $588M |
| Stock-Based Compensation | $83M |
| Deferred Income Tax | -$151M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$270M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$325M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$327M |
| Net Debt Issuance | $291M |
| Common Stock Repurchased | -$687M |
| Common Dividends Paid | -$430M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$844M |
| FREE CASH FLOW | $818M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $1.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $2.9B |
| Goodwill | $26.9B |
| Intangible Assets | $11.8B |
| Long-Term Investments | $0 |
| Tax Assets | $2.2B |
| Other Non-Current Assets | $688M |
| TOTAL NON-CURRENT ASSETS | $44.5B |
| TOTAL ASSETS | $49.3B |
| Account Payables | $586M |
| Short-Term Debt | $545M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $6.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.2B |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $10.6B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $83M |
| Additional Paid-In Capital | $25.7B |
| Retained Earnings | $10.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$171M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $35.9B |
| TOTAL LIABILITIES & EQUITY | $49.3B |
| Total Debt | $7.0B |
| Net Debt | $5.8B |
