| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.1B | $5.3B | 1.1% | 17.3% |
| Op. Income | $466M | $435M | $386M | 7.1% | 20.7% |
| Gross Margin | 19.8% | 19.0% | 17.3% | 0.8pp | 2.6pp |
| Net Margin | 4.8% | 4.5% | 5.0% | 0.2pp | -0.2pp |
| EPS (Diluted) | $2.17 | $2.04 | $1.91 | 6.4% | 13.6% |
| Free Cash Flow | $299M | $358M | $264M | -16.4% | 13.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $767M |
| Other Expenses | $0 |
| Operating Expenses | $767M |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $466M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $298M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $298M |
| D&A | $76M |
| EBIT | $462M |
| EBITDA | $537M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $767M |
| Other Expenses | $0 |
| Operating Expenses | $767M |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $466M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $298M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $298M |
| D&A | $76M |
| EBIT | $462M |
| EBITDA | $537M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $298M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$71M |
| OPERATING CASH FLOW | $333M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$400M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$68M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$456M |
| FREE CASH FLOW | $299M |
| Net Change in Cash | -$157M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $385M |
| Short-Term Investments | $0 |
| Net Receivables | $5.0B |
| Inventory | $915M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $342M |
| Goodwill | $4.3B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $386M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $13.5B |
| Account Payables | $3.3B |
| Short-Term Debt | $492M |
| Deferred Revenue | $438M |
| Other Current Liabilities | $906M |
| TOTAL CURRENT LIABILITIES | $5.4B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $208M |
| Other Non-Current Liabilities | $303M |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $12.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$188M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $6.8B |
| Net Debt | $6.4B |
