| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.6B | $13.6B | $12.8B | 7.2% | 13.5% |
| Op. Income | $3.9B | $3.3B | $3.6B | 19.9% | 9.3% |
| Gross Margin | 63.4% | 62.0% | 63.3% | 1.4pp | 0.1pp |
| Net Margin | 22.0% | 20.4% | 23.7% | 1.6pp | -1.7pp |
| EPS (Diluted) | $0.78 | $0.67 | $0.73 | 16.4% | 6.8% |
| Free Cash Flow | $4.9B | $4.6B | $3.6B | 8.3% | 39.2% |
| Item | Amount |
|---|---|
| REVENUE | $14.6B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $9.2B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $2.5B |
| General & Administrative | $641M |
| SG&A Expenses | $3.2B |
| Other Expenses | $157M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $3.9B |
| Interest Income | $262M |
| Interest Expense | $109M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $745M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $451M |
| EBIT | $4.1B |
| EBITDA | $4.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $14.6B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $9.2B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $2.5B |
| General & Administrative | $641M |
| SG&A Expenses | $3.2B |
| Other Expenses | $157M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $3.9B |
| Interest Income | $262M |
| Interest Expense | $109M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $745M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $451M |
| EBIT | $4.1B |
| EBITDA | $4.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $451M |
| Stock-Based Compensation | $623M |
| Deferred Income Tax | -$498M |
| Other Non-Cash Items | $139M |
| Change in Working Capital | $1.3B |
| OPERATING CASH FLOW | $5.2B |
| Capital Expenditure | -$270M |
| Acquisitions (Net) | -$93M |
| Purchases of Investments | -$3.9B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$2.6B |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$1.7B |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | $311M |
| NET CASH FROM FINANCING | -$3.5B |
| FREE CASH FLOW | $4.9B |
| Net Change in Cash | -$963M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.0B |
| Short-Term Investments | $15.2B |
| Net Receivables | $8.5B |
| Inventory | $3.5B |
| Other Current Assets | $4.7B |
| TOTAL CURRENT ASSETS | $40.0B |
| PP&E (Net) | $2.0B |
| Goodwill | $38.4B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $5.8B |
| Other Non-Current Assets | $9.4B |
| TOTAL NON-CURRENT ASSETS | $57.6B |
| TOTAL ASSETS | $97.5B |
| Account Payables | $2.4B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $13.2B |
| Other Current Liabilities | $8.2B |
| TOTAL CURRENT LIABILITIES | $28.7B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $11.0B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.8B |
| TOTAL NON-CURRENT LIABILITIES | $26.5B |
| TOTAL LIABILITIES | $55.2B |
| Common Stock | $43.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $262M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $42.3B |
| TOTAL LIABILITIES & EQUITY | $97.5B |
| Total Debt | $8.4B |
| Net Debt | $350M |
