| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $2.9B | $2.9B | 2.5% | 4.1% |
| Op. Income | -$51M | $227M | $314M | -122.5% | -116.2% |
| Gross Margin | 24.4% | 32.4% | 30.4% | -8.0pp | -6.0pp |
| Net Margin | -1.4% | 6.5% | 8.9% | -7.9pp | -10.3pp |
| EPS (Diluted) | $1.09 | $0.69 | $0.94 | 58.0% | 16.0% |
| Free Cash Flow | $721M | $595M | $658M | 21.2% | 9.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $729M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $780M |
| Operating Expenses | $780M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | -$51M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $13M |
| EBIT | -$23M |
| EBITDA | -$10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$53M |
| Other Non-Cash Items | $47M |
| Change in Working Capital | $772M |
| OPERATING CASH FLOW | $737M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$74M |
| Purchases of Investments | -$2.6B |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$641M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$109M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$138M |
| FREE CASH FLOW | $721M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $503M |
| Short-Term Investments | $1.1B |
| Net Receivables | $8.7B |
| Inventory | $0 |
| Other Current Assets | -$10.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $229M |
| Goodwill | $142M |
| Intangible Assets | $0 |
| Long-Term Investments | $41.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$41.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $60.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $4.7B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $52.1B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.4B |
| Treasury Stock | -$94M |
| Accum. Other Comp. Income | -$4.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $60.2B |
| Total Debt | $2.8B |
| Net Debt | $2.3B |
