| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $930M | $877M | $843M | 6.0% | 10.3% |
| Op. Income | $152M | $96M | $141M | 57.4% | 7.8% |
| Gross Margin | 65.6% | 66.4% | 65.5% | -0.9pp | 0.1pp |
| Net Margin | 9.2% | 4.5% | 11.7% | 4.6pp | -2.5pp |
| EPS (Diluted) | $0.43 | $0.20 | $1.98 | 115.0% | -78.3% |
| Free Cash Flow | $52M | $51M | $217M | 2.0% | -76.3% |
| Item | Amount |
|---|---|
| REVENUE | $930M |
| Cost of Revenue | $320M |
| GROSS PROFIT | $610M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $375M |
| SG&A Expenses | $375M |
| Other Expenses | $47M |
| Operating Expenses | $458M |
| Cost & Expenses | $779M |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $95M |
| EBIT | $146M |
| EBITDA | $240M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $930M |
| Cost of Revenue | $320M |
| GROSS PROFIT | $610M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $375M |
| SG&A Expenses | $375M |
| Other Expenses | $47M |
| Operating Expenses | $458M |
| Cost & Expenses | $779M |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $95M |
| EBIT | $146M |
| EBITDA | $240M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $95M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$86M |
| OPERATING CASH FLOW | $143M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $100.0K |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $117M |
| Short-Term Investments | $0 |
| Net Receivables | $630M |
| Inventory | $724M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.5B |
| Goodwill | $3.7B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $628M |
| TOTAL NON-CURRENT ASSETS | $10.0B |
| TOTAL ASSETS | $11.7B |
| Account Payables | $227M |
| Short-Term Debt | $63M |
| Deferred Revenue | $123M |
| Other Current Liabilities | $565M |
| TOTAL CURRENT LIABILITIES | $994M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $186M |
| Deferred Tax Liabilities | $138M |
| Other Non-Current Liabilities | $337M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $6.8B |
| Treasury Stock | -$711M |
| Accum. Other Comp. Income | -$375M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.5B |
| Minority Interest | $200.0K |
| TOTAL EQUITY | $7.5B |
| TOTAL LIABILITIES & EQUITY | $11.7B |
| Total Debt | $2.6B |
| Net Debt | $2.5B |
