| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $944M | $1.1B | 6.0% | -5.7% |
| Op. Income | $143M | $112M | $143M | 28.5% | 0.4% |
| Gross Margin | 44.7% | 43.1% | 42.0% | 1.6pp | 2.7pp |
| Net Margin | 10.5% | 8.8% | 10.0% | 1.7pp | 0.5pp |
| EPS (Diluted) | $3.28 | $2.57 | $3.07 | 27.6% | 6.8% |
| Free Cash Flow | $153M | $102M | $25M | 49.1% | 523.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $553M |
| GROSS PROFIT | $447M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $304M |
| SG&A Expenses | $304M |
| Other Expenses | $0 |
| Operating Expenses | $304M |
| Cost & Expenses | $857M |
| OPERATING INCOME | $143M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $22M |
| EBIT | $145M |
| EBITDA | $167M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $553M |
| GROSS PROFIT | $447M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $304M |
| SG&A Expenses | $304M |
| Other Expenses | $0 |
| Operating Expenses | $304M |
| Cost & Expenses | $857M |
| OPERATING INCOME | $143M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $22M |
| EBIT | $145M |
| EBITDA | $167M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $600.0K |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$95M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$600.0K |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $153M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $359M |
| Short-Term Investments | $0 |
| Net Receivables | $545M |
| Inventory | $401M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $375M |
| Goodwill | $1.1B |
| Intangible Assets | $505M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $344M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $237M |
| TOTAL CURRENT LIABILITIES | $624M |
| Long-Term Debt | $495M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $168M |
| TOTAL NON-CURRENT LIABILITIES | $845M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.4B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $593M |
| Net Debt | $233M |
