| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.9B | $7.0B | $6.7B | -1.2% | 3.8% |
| Op. Income | $2.0B | $2.7B | $2.7B | -24.7% | -24.0% |
| Gross Margin | 73.8% | 74.0% | 76.1% | -0.2pp | -2.3pp |
| Net Margin | 25.1% | 19.7% | 32.2% | 5.3pp | -7.2pp |
| EPS (Diluted) | $3.22 | $2.57 | $3.98 | 25.3% | -19.1% |
| Free Cash Flow | $2.5B | $3.8B | $2.8B | -34.5% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $644M |
| Operating Expenses | $3.1B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $759M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $217M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $895M |
| EBIT | $2.7B |
| EBITDA | $3.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $644M |
| Operating Expenses | $3.1B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $759M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $217M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $895M |
| EBIT | $2.7B |
| EBITDA | $3.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $895M |
| Stock-Based Compensation | $104M |
| Deferred Income Tax | -$447M |
| Other Non-Cash Items | $425M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $2.8B |
| Capital Expenditure | -$248M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$262M |
| Net Debt Issuance | -$749M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$116M |
| NET CASH FROM FINANCING | -$2.0B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $493M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34.7B |
| Short-Term Investments | $0 |
| Net Receivables | $6.1B |
| Inventory | $5.0B |
| Other Current Assets | $2.6B |
| TOTAL CURRENT ASSETS | $48.5B |
| PP&E (Net) | $5.6B |
| Goodwill | $15.5B |
| Intangible Assets | $13.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.8B |
| TOTAL NON-CURRENT ASSETS | $42.1B |
| TOTAL ASSETS | $90.5B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $17.0B |
| Long-Term Debt | $59.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.9B |
| TOTAL NON-CURRENT LIABILITIES | $65.9B |
| TOTAL LIABILITIES | $82.9B |
| Common Stock | $32.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$25.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$126M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $90.5B |
| Total Debt | $60.5B |
| Net Debt | $25.7B |
