| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.7B | $6.6B | $6.7B | 0.9% | -0.8% |
| Op. Income | $2.7B | $2.2B | $2.4B | 22.2% | 11.9% |
| Gross Margin | 76.1% | 77.1% | 76.0% | -1.0pp | 0.1pp |
| Net Margin | 32.2% | 20.0% | 28.1% | 12.2pp | 4.1pp |
| EPS (Diluted) | $3.98 | $2.45 | $3.31 | 62.4% | 20.2% |
| Free Cash Flow | $2.8B | $1.7B | $2.2B | 67.3% | 29.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $5M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $368M |
| Other Income/Expenses | -$268M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $249M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $837M |
| EBIT | $2.8B |
| EBITDA | $3.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $5M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $368M |
| Other Income/Expenses | -$268M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $249M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $837M |
| EBIT | $2.8B |
| EBITDA | $3.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $2.1B |
| Depreciation & Amortization | $837M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$333M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $310M |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$160M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$387M |
| Sales/Maturities of Investments | $400M |
| Other Investing Activities | -$120M |
| NET CASH FROM INVESTING | -$267M |
| Net Debt Issuance | $3.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | -$358M |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | $4.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.5B |
| Short-Term Investments | $2.0B |
| Net Receivables | $5.3B |
| Inventory | $4.8B |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $24.1B |
| PP&E (Net) | $5.2B |
| Goodwill | $14.8B |
| Intangible Assets | $13.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.3B |
| TOTAL NON-CURRENT ASSETS | $39.6B |
| TOTAL ASSETS | $63.7B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14.3B |
| Long-Term Debt | $37.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.6B |
| TOTAL NON-CURRENT LIABILITIES | $45.7B |
| TOTAL LIABILITIES | $60.0B |
| Common Stock | $32.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$28.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$652M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $63.7B |
| Total Debt | $38.7B |
| Net Debt | $29.2B |
