| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.5B | $2.1B | -10.3% | 4.6% |
| Op. Income | $273M | $349M | $294M | -21.8% | -7.1% |
| Gross Margin | 30.0% | 30.5% | 31.2% | -0.6pp | -1.3pp |
| Net Margin | 7.2% | 9.3% | 8.8% | -2.2pp | -1.6pp |
| EPS (Diluted) | $0.53 | $0.77 | $0.62 | -31.2% | -14.5% |
| Free Cash Flow | $84M | $427M | $285M | -80.3% | -70.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $668M |
| R&D Expenses | $24M |
| Selling & Marketing | $194M |
| General & Administrative | $167M |
| SG&A Expenses | $361M |
| Other Expenses | $10M |
| Operating Expenses | $395M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $273M |
| Interest Income | $1M |
| Interest Expense | $47M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $208M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $108M |
| EBIT | $255M |
| EBITDA | $363M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $668M |
| R&D Expenses | $24M |
| Selling & Marketing | $194M |
| General & Administrative | $167M |
| SG&A Expenses | $361M |
| Other Expenses | $10M |
| Operating Expenses | $395M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $273M |
| Interest Income | $1M |
| Interest Expense | $47M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $208M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $108M |
| EBIT | $255M |
| EBITDA | $363M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $160M |
| Depreciation & Amortization | $108M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$127M |
| OPERATING CASH FLOW | $186M |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$111M |
| Net Debt Issuance | $177M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$110M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $223M |
| Short-Term Investments | $0 |
| Net Receivables | $528M |
| Inventory | $1.3B |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $2.4B |
| Goodwill | $4.0B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $465M |
| TOTAL NON-CURRENT ASSETS | $10.0B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $1.4B |
| Short-Term Debt | $263M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $629M |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $12M |
| Additional Paid-In Capital | $407M |
| Retained Earnings | $4.4B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $4.8B |
| Net Debt | $4.5B |
