| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $971M | $948M | $893M | 2.4% | 8.7% |
| Op. Income | $445M | $413M | $389M | 7.8% | 14.3% |
| Gross Margin | 78.6% | 78.4% | 77.2% | 0.2pp | 1.3pp |
| Net Margin | 28.0% | 25.3% | 27.9% | 2.7pp | 0.1pp |
| EPS (Diluted) | $3.64 | $3.20 | $3.29 | 13.7% | 10.6% |
| Free Cash Flow | $247M | $179M | $356M | 38.1% | -30.4% |
| Item | Amount |
|---|---|
| REVENUE | $971M |
| Cost of Revenue | $208M |
| GROSS PROFIT | $763M |
| R&D Expenses | $0 |
| Selling & Marketing | $86M |
| General & Administrative | $148M |
| SG&A Expenses | $234M |
| Other Expenses | $84M |
| Operating Expenses | $318M |
| Cost & Expenses | $526M |
| OPERATING INCOME | $445M |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $370M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $271M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $271M |
| D&A | $85M |
| EBIT | $458M |
| EBITDA | $543M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $971M |
| Cost of Revenue | $208M |
| GROSS PROFIT | $763M |
| R&D Expenses | $0 |
| Selling & Marketing | $86M |
| General & Administrative | $148M |
| SG&A Expenses | $234M |
| Other Expenses | $84M |
| Operating Expenses | $318M |
| Cost & Expenses | $526M |
| OPERATING INCOME | $445M |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $370M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $271M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $271M |
| D&A | $85M |
| EBIT | $458M |
| EBITDA | $543M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $271M |
| Depreciation & Amortization | $85M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$109M |
| OPERATING CASH FLOW | $286M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | -$106M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$144M |
| Net Debt Issuance | $240M |
| Common Stock Repurchased | -$535M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$238.0K |
| NET CASH FROM FINANCING | -$260M |
| FREE CASH FLOW | $247M |
| Net Change in Cash | -$187M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $0 |
| Other Current Assets | $3.1B |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $330M |
| Goodwill | $5.6B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $68M |
| Tax Assets | $0 |
| Other Non-Current Assets | $288M |
| TOTAL NON-CURRENT ASSETS | $8.4B |
| TOTAL ASSETS | $15.3B |
| Account Payables | $1.9B |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $320M |
| TOTAL CURRENT LIABILITIES | $6.7B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $549M |
| Other Non-Current Liabilities | $281M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $12.2B |
| Common Stock | $129.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $7.9B |
| Treasury Stock | -$6.7B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $15.3B |
| Total Debt | $7.0B |
| Net Debt | $5.9B |
