| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.6B | $6.2B | 0.0% | -9.4% |
| Op. Income | $478M | $412M | $466M | 16.1% | 2.6% |
| Gross Margin | 21.8% | 21.0% | 19.8% | 0.8pp | 2.0pp |
| Net Margin | 5.6% | 4.7% | 4.8% | 0.9pp | 0.8pp |
| EPS (Diluted) | $2.32 | $1.93 | $2.17 | 20.2% | 6.9% |
| Free Cash Flow | $425M | $189M | $299M | 125.5% | 42.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $749M |
| Other Expenses | $0 |
| Operating Expenses | $749M |
| Cost & Expenses | $5.1B |
| OPERATING INCOME | $478M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $420M |
| Income Tax Expense | $104M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $316M |
| D&A | $66M |
| EBIT | $477M |
| EBITDA | $543M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $749M |
| Other Expenses | $0 |
| Operating Expenses | $749M |
| Cost & Expenses | $5.1B |
| OPERATING INCOME | $478M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $420M |
| Income Tax Expense | $104M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $316M |
| D&A | $66M |
| EBIT | $477M |
| EBITDA | $543M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $316M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $63M |
| OPERATING CASH FLOW | $469M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | -$700.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$46M |
| Common Stock Repurchased | -$54M |
| Common Dividends Paid | -$79M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$180M |
| FREE CASH FLOW | $425M |
| Net Change in Cash | $237M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $441M |
| Short-Term Investments | $0 |
| Net Receivables | $4.9B |
| Inventory | $706M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $328M |
| Goodwill | $4.4B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $287M |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $2.6B |
| Short-Term Debt | $40M |
| Deferred Revenue | $439M |
| Other Current Liabilities | $836M |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $172M |
| Other Non-Current Liabilities | $281M |
| TOTAL NON-CURRENT LIABILITIES | $6.3B |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$150M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $5.9B |
| Net Debt | $5.4B |
