| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.3B | 0.1% | 10.5% |
| Op. Income | $256M | $294M | $254M | -12.9% | 0.7% |
| Gross Margin | 44.4% | 43.9% | 41.7% | 0.5pp | 2.7pp |
| Net Margin | 12.2% | 15.2% | 14.2% | -3.0pp | -2.0pp |
| EPS (Diluted) | $0.71 | $0.89 | $0.76 | -20.2% | -6.6% |
| Free Cash Flow | $228M | $198M | $164M | 15.0% | 38.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $810M |
| GROSS PROFIT | $646M |
| R&D Expenses | $0 |
| Selling & Marketing | $168M |
| General & Administrative | $223M |
| SG&A Expenses | $391M |
| Other Expenses | $0 |
| Operating Expenses | $391M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $256M |
| Interest Income | $5M |
| Interest Expense | $27M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $178M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $178M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $178M |
| D&A | $56M |
| EBIT | $261M |
| EBITDA | $317M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $810M |
| GROSS PROFIT | $646M |
| R&D Expenses | $0 |
| Selling & Marketing | $168M |
| General & Administrative | $223M |
| SG&A Expenses | $391M |
| Other Expenses | $0 |
| Operating Expenses | $391M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $256M |
| Interest Income | $5M |
| Interest Expense | $27M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $178M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $178M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $178M |
| D&A | $56M |
| EBIT | $261M |
| EBITDA | $317M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $178M |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $286M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$900.0K |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $228M |
| Net Change in Cash | $176M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $573M |
| Short-Term Investments | $0 |
| Net Receivables | $461M |
| Inventory | $672M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $862M |
| Goodwill | $2.4B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $312M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $692M |
| Short-Term Debt | $27M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $348M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $753M |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $294M |
| Additional Paid-In Capital | $441M |
| Retained Earnings | $5.9B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $2.6B |
| Net Debt | $2.0B |
