| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.6B | -1.5% | 5.1% |
| Op. Income | $216M | $234M | $190M | -7.5% | 13.9% |
| Gross Margin | 38.6% | 38.6% | 38.1% | 0.0pp | 0.5pp |
| Net Margin | 5.4% | 7.0% | 7.3% | -1.7pp | -1.9pp |
| EPS (Diluted) | $0.98 | $1.30 | $1.26 | -24.7% | -22.4% |
| Free Cash Flow | $202M | $158M | $112M | 27.4% | 80.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $662M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $523M |
| SG&A Expenses | $523M |
| Other Expenses | -$77M |
| Operating Expenses | $445M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $216M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $44M |
| EBIT | $139M |
| EBITDA | $183M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $662M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $523M |
| SG&A Expenses | $523M |
| Other Expenses | -$77M |
| Operating Expenses | $445M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $216M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $44M |
| EBIT | $139M |
| EBITDA | $183M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $92M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $66M |
| Change in Working Capital | $84M |
| OPERATING CASH FLOW | $261M |
| Capital Expenditure | -$59M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $174.0K |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $202M |
| Net Change in Cash | $186M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $616M |
| Short-Term Investments | $0 |
| Net Receivables | $649M |
| Inventory | $320M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.3B |
| Goodwill | $166M |
| Intangible Assets | $831M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $529M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $160M |
| TOTAL CURRENT LIABILITIES | $908M |
| Long-Term Debt | $599M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $144M |
| Other Non-Current Liabilities | $857M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $13M |
| Additional Paid-In Capital | $136M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$61M |
| Accum. Other Comp. Income | $938.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $737M |
| Net Debt | $121M |
