| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $749M | 11.9% | 57.2% |
| Op. Income | $417M | $363M | $233M | 15.0% | 78.9% |
| Gross Margin | 60.3% | 61.2% | 63.9% | -0.8pp | -3.6pp |
| Net Margin | 30.1% | 28.4% | 30.0% | 1.6pp | 0.1pp |
| EPS (Diluted) | $0.28 | $0.24 | $0.18 | 16.7% | 55.6% |
| Free Cash Flow | $124M | $92M | $227M | 34.1% | -45.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $467M |
| GROSS PROFIT | $710M |
| R&D Expenses | $188M |
| Selling & Marketing | $81M |
| General & Administrative | $23M |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $293M |
| Cost & Expenses | $759M |
| OPERATING INCOME | $417M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $424M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $354M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $354M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $354M |
| D&A | $17M |
| EBIT | $417M |
| EBITDA | $435M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $467M |
| GROSS PROFIT | $710M |
| R&D Expenses | $188M |
| Selling & Marketing | $81M |
| General & Administrative | $23M |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $293M |
| Cost & Expenses | $759M |
| OPERATING INCOME | $417M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $424M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $354M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $354M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $354M |
| D&A | $17M |
| EBIT | $417M |
| EBITDA | $435M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $354M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $65M |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$267M |
| OPERATING CASH FLOW | $134M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$333M |
| Sales/Maturities of Investments | $469M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $126M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$48M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $124M |
| Net Change in Cash | $223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $716M |
| Short-Term Investments | $2.3B |
| Net Receivables | $652M |
| Inventory | $1.1B |
| Other Current Assets | $143M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $155M |
| Goodwill | $271M |
| Intangible Assets | $132M |
| Long-Term Investments | $40M |
| Tax Assets | $474M |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $278M |
| Short-Term Debt | $0 |
| Deferred Revenue | $607M |
| Other Current Liabilities | $129M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $334M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $141M |
| TOTAL NON-CURRENT LIABILITIES | $522M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $47M |
| Net Debt | -$669M |
