| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $868M | -5.7% | 23.0% |
| Op. Income | $82M | $112M | $35M | -26.3% | 136.7% |
| Gross Margin | 39.0% | 40.1% | 35.7% | -1.1pp | 3.3pp |
| Net Margin | 2.8% | 5.1% | 1.2% | -2.3pp | 1.6pp |
| EPS (Diluted) | $0.20 | $0.38 | $0.07 | -47.4% | 186.1% |
| Free Cash Flow | -$17M | $202M | -$227M | -108.3% | 92.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $652M |
| GROSS PROFIT | $416M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $334M |
| Cost & Expenses | $985M |
| OPERATING INCOME | $82M |
| Interest Income | $13M |
| Interest Expense | $24M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $36M |
| EBIT | $88M |
| EBITDA | $124M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $652M |
| GROSS PROFIT | $416M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $334M |
| Cost & Expenses | $985M |
| OPERATING INCOME | $82M |
| Interest Income | $13M |
| Interest Expense | $24M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $36M |
| EBIT | $88M |
| EBITDA | $124M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$62M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$66M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$192.0K |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $142M |
| Net Receivables | $1.2B |
| Inventory | $1.2B |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $328M |
| Goodwill | $447M |
| Intangible Assets | $219M |
| Long-Term Investments | $21M |
| Tax Assets | $792M |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $393M |
| Short-Term Debt | $12M |
| Deferred Revenue | $188M |
| Other Current Liabilities | $182M |
| TOTAL CURRENT LIABILITIES | $966M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $72M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $157M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.4B |
| Retained Earnings | -$3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $1.6B |
| Net Debt | $493M |
