| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | — | $3.3B | — | -2.9% |
| Op. Income | $667M | — | $693M | — | -3.8% |
| Gross Margin | 32.8% | — | 32.2% | — | 0.6pp |
| Net Margin | 16.1% | — | 15.1% | — | 1.0pp |
| EPS (Diluted) | $0.42 | — | $0.40 | — | 5.0% |
| Free Cash Flow | $543M | — | $455M | — | 19.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $382M |
| Other Expenses | $0 |
| Operating Expenses | $382M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $667M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $634M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $518M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $514M |
| D&A | $101M |
| EBIT | $667M |
| EBITDA | $768M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $382M |
| Other Expenses | $0 |
| Operating Expenses | $382M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $667M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $634M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $518M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $514M |
| D&A | $101M |
| EBIT | $667M |
| EBITDA | $768M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $514M |
| Depreciation & Amortization | $101M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $618M |
| Capital Expenditure | -$75M |
| Acquisitions (Net) | -$179M |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $400.0K |
| NET CASH FROM INVESTING | -$329M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$149M |
| Common Dividends Paid | -$125M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$118M |
| FREE CASH FLOW | $543M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $253M |
| Net Receivables | $2.6B |
| Inventory | $2.1B |
| Other Current Assets | $369M |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $1.2B |
| Goodwill | $6.6B |
| Intangible Assets | $744M |
| Long-Term Investments | $800.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $420M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $1.2B |
| Short-Term Debt | $356M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $830M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $413M |
| Other Non-Current Liabilities | $563M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $7.8B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $5.7B |
| Treasury Stock | -$171M |
| Accum. Other Comp. Income | -$658M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $82M |
| TOTAL EQUITY | $7.9B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $4.3B |
| Net Debt | $2.8B |
