| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | 1.0% | 6.5% |
| Op. Income | $183M | $182M | $169M | 0.2% | 7.9% |
| Gross Margin | 34.9% | 35.0% | 35.5% | -0.0pp | -0.6pp |
| Net Margin | 12.9% | 12.2% | 11.1% | 0.7pp | 1.8pp |
| EPS (Diluted) | $1.32 | $1.23 | $1.04 | 7.3% | 26.9% |
| Free Cash Flow | $144M | $259M | $126M | -44.6% | 14.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $804M |
| GROSS PROFIT | $432M |
| R&D Expenses | $92M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $144M |
| Other Expenses | $13M |
| Operating Expenses | $249M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $45M |
| EBIT | $183M |
| EBITDA | $228M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $804M |
| GROSS PROFIT | $432M |
| R&D Expenses | $92M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $144M |
| Other Expenses | $13M |
| Operating Expenses | $249M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $45M |
| EBIT | $183M |
| EBITDA | $228M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $160M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $705.0K |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $173M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$84M |
| Purchases of Investments | $29M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$129M |
| Common Dividends Paid | -$52M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | -$170M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | -$106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $518M |
| Short-Term Investments | $232M |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $270M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $933M |
| Goodwill | $2.7B |
| Intangible Assets | $175M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $613M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $293M |
| Short-Term Debt | $0 |
| Deferred Revenue | $308M |
| Other Current Liabilities | $471M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $646M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $250M |
| Other Non-Current Liabilities | $478M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $6.5B |
| Treasury Stock | -$7.1B |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $44M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $797M |
| Net Debt | $279M |
