| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.8B | $2.8B | 0.0% | 0.4% |
| Op. Income | $211M | $337M | $62M | -37.4% | 240.3% |
| Gross Margin | 26.5% | 33.1% | 31.2% | -6.7pp | -4.7pp |
| Net Margin | 4.9% | 8.5% | 1.4% | -3.6pp | 3.5pp |
| EPS (Diluted) | $1.08 | $1.86 | $0.31 | -41.9% | 248.4% |
| Free Cash Flow | -$86M | $100M | -$141M | -186.0% | 39.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $751M |
| R&D Expenses | $0 |
| Selling & Marketing | $84M |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $456M |
| Operating Expenses | $540M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $211M |
| Interest Income | $23M |
| Interest Expense | $27M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $113M |
| EBIT | $332M |
| EBITDA | $445M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $751M |
| R&D Expenses | $0 |
| Selling & Marketing | $84M |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $456M |
| Operating Expenses | $540M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $211M |
| Interest Income | $23M |
| Interest Expense | $27M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $113M |
| EBIT | $332M |
| EBITDA | $445M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $157M |
| Change in Working Capital | -$155M |
| OPERATING CASH FLOW | $271M |
| Capital Expenditure | -$357M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$130M |
| Sales/Maturities of Investments | $232M |
| Other Investing Activities | -$76M |
| NET CASH FROM INVESTING | -$331M |
| Net Debt Issuance | $220M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | $177M |
| FREE CASH FLOW | -$86M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $647M |
| Short-Term Investments | $1.8B |
| Net Receivables | $341M |
| Inventory | $122M |
| Other Current Assets | $543M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $9.2B |
| Goodwill | $2.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | $263M |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $15.2B |
| Account Payables | $229M |
| Short-Term Debt | $886M |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $806M |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $662M |
| Other Non-Current Liabilities | $729M |
| TOTAL NON-CURRENT LIABILITIES | $6.0B |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $659M |
| Retained Earnings | $4.5B |
| Treasury Stock | -$744M |
| Accum. Other Comp. Income | -$360M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $15.2B |
| Total Debt | $4.1B |
| Net Debt | $3.5B |
