| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.3B | $2.2B | -12.9% | -11.3% |
| Op. Income | $241M | $363M | $289M | -33.6% | -16.6% |
| Gross Margin | 31.7% | 34.4% | 34.5% | -2.7pp | -2.8pp |
| Net Margin | 8.1% | 10.8% | 7.5% | -2.7pp | 0.6pp |
| EPS (Diluted) | $0.52 | $0.80 | $0.55 | -35.0% | -5.5% |
| Free Cash Flow | $212M | $373M | $409M | -43.2% | -48.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $628M |
| R&D Expenses | $22M |
| Selling & Marketing | $202M |
| General & Administrative | $153M |
| SG&A Expenses | $355M |
| Other Expenses | $10M |
| Operating Expenses | $387M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $241M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | -$6M |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $79M |
| EBIT | $272M |
| EBITDA | $351M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $628M |
| R&D Expenses | $22M |
| Selling & Marketing | $202M |
| General & Administrative | $153M |
| SG&A Expenses | $355M |
| Other Expenses | $10M |
| Operating Expenses | $387M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $241M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | -$6M |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $79M |
| EBIT | $272M |
| EBITDA | $351M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $160M |
| Depreciation & Amortization | $79M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $270M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | -$840M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$112M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$951M |
| FREE CASH FLOW | $212M |
| Net Change in Cash | -$737M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $209M |
| Short-Term Investments | $0 |
| Net Receivables | $580M |
| Inventory | $860M |
| Other Current Assets | $214M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $2.3B |
| Goodwill | $4.0B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $322M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $11.7B |
| Account Payables | $1.1B |
| Short-Term Debt | $204M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $999M |
| Other Non-Current Liabilities | $764M |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $12M |
| Additional Paid-In Capital | $401M |
| Retained Earnings | $3.6B |
| Treasury Stock | -$986M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $11.7B |
| Total Debt | $5.2B |
| Net Debt | $5.0B |
