| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $5.4B | $5.6B | 8.2% | 4.2% |
| Op. Income | $224M | -$20M | -$64M | 1220.0% | 450.0% |
| Gross Margin | 47.4% | 45.6% | 42.3% | 1.8pp | 5.1pp |
| Net Margin | 5.2% | 0.5% | 1.2% | 4.7pp | 4.0pp |
| EPS (Diluted) | $0.18 | $0.02 | $0.04 | 984.3% | 343.3% |
| Free Cash Flow | $297M | $254M | $842M | 16.9% | -64.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $576M |
| Other Expenses | $440M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $224M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | -$39M |
| Net Income from Continuing Ops | $299M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $299M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $848M |
| EBIT | $283M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $576M |
| Other Expenses | $440M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $224M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | -$39M |
| Net Income from Continuing Ops | $299M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $299M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $848M |
| EBIT | $283M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $299M |
| Depreciation & Amortization | $848M |
| Stock-Based Compensation | $353M |
| Deferred Income Tax | -$218M |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | -$838M |
| OPERATING CASH FLOW | $421M |
| Capital Expenditure | -$124M |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | -$496M |
| Sales/Maturities of Investments | $746M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | $102M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$806M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$803M |
| FREE CASH FLOW | $297M |
| Net Change in Cash | -$280M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $2.2B |
| Net Receivables | $5.1B |
| Inventory | $4.4B |
| Other Current Assets | $490M |
| TOTAL CURRENT ASSETS | $16.7B |
| PP&E (Net) | $2.1B |
| Goodwill | $24.2B |
| Intangible Assets | $21.9B |
| Long-Term Investments | $93M |
| Tax Assets | $76M |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $50.9B |
| TOTAL ASSETS | $67.6B |
| Account Payables | $2.2B |
| Short-Term Debt | $752M |
| Deferred Revenue | $723M |
| Other Current Liabilities | $308M |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $12.7B |
| Common Stock | $17M |
| Additional Paid-In Capital | $59.2B |
| Retained Earnings | $56M |
| Treasury Stock | -$4.2B |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $55.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $55.0B |
| TOTAL LIABILITIES & EQUITY | $67.6B |
| Total Debt | $2.9B |
| Net Debt | -$699M |
