| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53.6B | $55.3B | — | -2.9% | — |
| Op. Income | $1.7B | $1.9B | — | -11.8% | — |
| Gross Margin | 12.1% | 12.4% | — | -0.3pp | — |
| Net Margin | 2.4% | 2.7% | — | -0.2pp | — |
| EPS (Diluted) | $2.93 | $3.30 | — | -11.2% | — |
| Free Cash Flow | $721M | $2.3B | — | -68.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $53.6B |
| Cost of Revenue | $47.2B |
| GROSS PROFIT | $6.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.8B |
| Cost & Expenses | $52.0B |
| OPERATING INCOME | $1.7B |
| Interest Income | $119M |
| Interest Expense | $36M |
| Other Income/Expenses | $92M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $469M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $472M |
| EBIT | $1.8B |
| EBITDA | $2.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $53.6B |
| Cost of Revenue | $47.2B |
| GROSS PROFIT | $6.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.8B |
| Cost & Expenses | $52.0B |
| OPERATING INCOME | $1.7B |
| Interest Income | $119M |
| Interest Expense | $36M |
| Other Income/Expenses | $92M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $469M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $472M |
| EBIT | $1.8B |
| EBITDA | $2.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $472M |
| Stock-Based Compensation | $94M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $384M |
| Change in Working Capital | -$707M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$820M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$551M |
| Sales/Maturities of Investments | $82M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | -$111M |
| Common Stock Repurchased | -$162M |
| Common Dividends Paid | -$399M |
| Other Financing Activities | -$63M |
| NET CASH FROM FINANCING | -$735M |
| FREE CASH FLOW | $721M |
| Net Change in Cash | -$477M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.5B |
| Short-Term Investments | $1.2B |
| Net Receivables | $2.5B |
| Inventory | $16.3B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $34.3B |
| PP&E (Net) | $28.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.7B |
| TOTAL NON-CURRENT ASSETS | $32.5B |
| TOTAL ASSETS | $66.8B |
| Account Payables | $16.9B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.7B |
| TOTAL CURRENT LIABILITIES | $31.7B |
| Long-Term Debt | $6.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $11.5B |
| TOTAL LIABILITIES | $43.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $18.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.6B |
| Minority Interest | $5M |
| TOTAL EQUITY | $23.6B |
| TOTAL LIABILITIES & EQUITY | $66.8B |
| Total Debt | $9.0B |
| Net Debt | -$3.5B |
