| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $627M | $692M | $670M | -9.5% | -6.5% |
| Op. Income | $95M | $93M | $130M | 3.1% | -26.4% |
| Gross Margin | 38.5% | 37.8% | 35.6% | 0.7pp | 2.9pp |
| Net Margin | 11.5% | 9.9% | 14.7% | 1.6pp | -3.1pp |
| EPS (Diluted) | $1.70 | $1.60 | $2.35 | 6.2% | -27.7% |
| Free Cash Flow | $76M | $68M | $68M | 12.5% | 11.7% |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $386M |
| GROSS PROFIT | $241M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | -$3M |
| Operating Expenses | $146M |
| Cost & Expenses | $531M |
| OPERATING INCOME | $95M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $25M |
| EBIT | $96M |
| EBITDA | $121M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $386M |
| GROSS PROFIT | $241M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | -$3M |
| Operating Expenses | $146M |
| Cost & Expenses | $531M |
| OPERATING INCOME | $95M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $25M |
| EBIT | $96M |
| EBITDA | $121M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$139.0K |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$369.0K |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $76M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $531M |
| Short-Term Investments | $0 |
| Net Receivables | $481M |
| Inventory | $336M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $483M |
| Goodwill | $893M |
| Intangible Assets | $272M |
| Long-Term Investments | $0 |
| Tax Assets | $15M |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $305M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $232M |
| TOTAL CURRENT LIABILITIES | $553M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $68M |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $503.0K |
| Additional Paid-In Capital | $812M |
| Retained Earnings | $949M |
| Treasury Stock | -$556M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $3.0K |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $1.2B |
| Net Debt | $702M |
