| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $553M | $463M | $443M | 19.6% | 25.0% |
| Op. Income | $138M | $121M | $143M | 14.2% | -3.6% |
| Gross Margin | 61.7% | 59.5% | 62.8% | 2.2pp | -1.1pp |
| Net Margin | 13.3% | 12.5% | 14.7% | 0.9pp | -1.4pp |
| EPS (Diluted) | $0.40 | $-0.14 | $0.36 | 383.3% | 9.7% |
| Free Cash Flow | $242M | $38M | $128M | 543.9% | 89.0% |
| Item | Amount |
|---|---|
| REVENUE | $553M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $341M |
| R&D Expenses | $0 |
| Selling & Marketing | $114M |
| General & Administrative | $63M |
| SG&A Expenses | $177M |
| Other Expenses | $27M |
| Operating Expenses | $204M |
| Cost & Expenses | $415M |
| OPERATING INCOME | $138M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $25M |
| EBIT | $138M |
| EBITDA | $163M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $553M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $341M |
| R&D Expenses | $0 |
| Selling & Marketing | $114M |
| General & Administrative | $63M |
| SG&A Expenses | $177M |
| Other Expenses | $27M |
| Operating Expenses | $204M |
| Cost & Expenses | $415M |
| OPERATING INCOME | $138M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $25M |
| EBIT | $138M |
| EBITDA | $163M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $98M |
| OPERATING CASH FLOW | $277M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $451.5K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15.0K |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$65M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | -$104M |
| FREE CASH FLOW | $242M |
| Net Change in Cash | $138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $339M |
| Short-Term Investments | $0 |
| Net Receivables | $196M |
| Inventory | $668M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $454M |
| Goodwill | $1.8B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $163M |
| Short-Term Debt | $32M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $71M |
| TOTAL CURRENT LIABILITIES | $440M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $114M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $214M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $297M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $2.3B |
| Net Debt | $1.9B |
