| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51.9B | $47.2B | $63.5B | 10.0% | -18.2% |
| Op. Income | $9.1B | $6.3B | $12.0B | 43.4% | -24.6% |
| Gross Margin | 30.0% | 31.2% | 32.4% | -1.2pp | -2.4pp |
| Net Margin | 12.6% | 12.7% | 17.7% | -0.2pp | -5.1pp |
| EPS (Diluted) | $3.48 | $3.20 | $5.78 | 8.7% | -39.8% |
| Free Cash Flow | $5.0B | $2.5B | $12.3B | 96.9% | -59.3% |
| Item | Amount |
|---|---|
| REVENUE | $51.9B |
| Cost of Revenue | $36.4B |
| GROSS PROFIT | $15.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $5.3B |
| Operating Expenses | $6.5B |
| Cost & Expenses | $42.9B |
| OPERATING INCOME | $9.1B |
| Interest Income | $0 |
| Interest Expense | $114M |
| Other Income/Expenses | -$321M |
| INCOME BEFORE TAX | $8.7B |
| Income Tax Expense | $2.2B |
| Net Income from Continuing Ops | $6.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.5B |
| D&A | $4.2B |
| EBIT | $8.9B |
| EBITDA | $13.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $51.9B |
| Cost of Revenue | $36.4B |
| GROSS PROFIT | $15.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $5.3B |
| Operating Expenses | $6.5B |
| Cost & Expenses | $42.9B |
| OPERATING INCOME | $9.1B |
| Interest Income | $0 |
| Interest Expense | $114M |
| Other Income/Expenses | -$321M |
| INCOME BEFORE TAX | $8.7B |
| Income Tax Expense | $2.2B |
| Net Income from Continuing Ops | $6.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.5B |
| D&A | $4.2B |
| EBIT | $8.9B |
| EBITDA | $13.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $6.6B |
| Depreciation & Amortization | $4.0B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$115M |
| Other Non-Cash Items | -$1.3B |
| Change in Working Capital | $548M |
| OPERATING CASH FLOW | $9.7B |
| Capital Expenditure | -$4.7B |
| Acquisitions (Net) | $94M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $177M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$4.4B |
| Net Debt Issuance | -$2.4B |
| Common Stock Repurchased | -$3.4B |
| Common Dividends Paid | -$2.9B |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$8.6B |
| FREE CASH FLOW | $5.0B |
| Net Change in Cash | -$3.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.8B |
| Short-Term Investments | $141M |
| Net Receivables | $22.0B |
| Inventory | $9.4B |
| Other Current Assets | $4.4B |
| TOTAL CURRENT ASSETS | $41.7B |
| PP&E (Net) | $154.0B |
| Goodwill | $4.7B |
| Intangible Assets | $0 |
| Long-Term Investments | $48.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $15.4B |
| TOTAL NON-CURRENT ASSETS | $222.2B |
| TOTAL ASSETS | $263.9B |
| Account Payables | $21.6B |
| Short-Term Debt | $440M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $33.3B |
| Long-Term Debt | $20.1B |
| Deferred Revenue NC | $20.9B |
| Deferred Tax Liabilities | $19.6B |
| Other Non-Current Liabilities | $3.8B |
| TOTAL NON-CURRENT LIABILITIES | $64.4B |
| TOTAL LIABILITIES | $97.7B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $21.3B |
| Retained Earnings | $200.6B |
| Treasury Stock | -$55.6B |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $165.3B |
| Minority Interest | $983M |
| TOTAL EQUITY | $166.2B |
| TOTAL LIABILITIES & EQUITY | $263.9B |
| Total Debt | $20.6B |
| Net Debt | $14.8B |
