| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | $2.2B | 1.1% | -14.9% |
| Op. Income | $186M | $190M | $299M | -2.3% | -38.0% |
| Gross Margin | 21.4% | 21.4% | 23.1% | -0.0pp | -1.8pp |
| Net Margin | 7.8% | 8.1% | 10.2% | -0.3pp | -2.4pp |
| EPS (Diluted) | $3.58 | $3.67 | $5.52 | -2.5% | -35.1% |
| Free Cash Flow | $200M | $204M | $357M | -2.0% | -44.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $392M |
| R&D Expenses | $0 |
| Selling & Marketing | $148M |
| General & Administrative | $28M |
| SG&A Expenses | $175M |
| Other Expenses | $31M |
| Operating Expenses | $207M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $186M |
| Interest Income | $14M |
| Interest Expense | $6M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $32M |
| EBIT | $198M |
| EBITDA | $231M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $392M |
| R&D Expenses | $0 |
| Selling & Marketing | $148M |
| General & Administrative | $28M |
| SG&A Expenses | $175M |
| Other Expenses | $31M |
| Operating Expenses | $207M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $186M |
| Interest Income | $14M |
| Interest Expense | $6M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $32M |
| EBIT | $198M |
| EBITDA | $231M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $143M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $52M |
| OPERATING CASH FLOW | $231M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $532.0K |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$455.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $200M |
| Net Change in Cash | $192M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $479M |
| Inventory | $683M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $865M |
| Goodwill | $138M |
| Intangible Assets | $149M |
| Long-Term Investments | $4M |
| Tax Assets | $6M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $405M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $129M |
| TOTAL CURRENT LIABILITIES | $695M |
| Long-Term Debt | $445M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $68M |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $640M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $450.0K |
| Additional Paid-In Capital | $557M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$140M |
| Accum. Other Comp. Income | -$501.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $530M |
| Net Debt | -$743M |
