| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $939M | $931M | 6.9% | 7.8% |
| Op. Income | $167M | $123M | $169M | 36.2% | -0.9% |
| Gross Margin | 27.3% | 24.7% | 29.1% | 2.6pp | -1.8pp |
| Net Margin | 10.4% | 9.2% | 10.5% | 1.2pp | -0.1pp |
| EPS (Diluted) | $2.05 | $1.63 | $1.85 | 25.8% | 10.8% |
| Free Cash Flow | $260M | $194M | $242M | 34.3% | 7.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $730M |
| GROSS PROFIT | $274M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $33M |
| Operating Expenses | $107M |
| Cost & Expenses | $837M |
| OPERATING INCOME | $167M |
| Interest Income | $4M |
| Interest Expense | $15M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $33M |
| EBIT | $167M |
| EBITDA | $200M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $730M |
| GROSS PROFIT | $274M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $33M |
| Operating Expenses | $107M |
| Cost & Expenses | $837M |
| OPERATING INCOME | $167M |
| Interest Income | $4M |
| Interest Expense | $15M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $33M |
| EBIT | $167M |
| EBITDA | $200M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $104M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $131M |
| OPERATING CASH FLOW | $287M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$296M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$313M |
| FREE CASH FLOW | $260M |
| Net Change in Cash | -$149M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $301M |
| Inventory | $14M |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $468M |
| Goodwill | $818M |
| Intangible Assets | $167M |
| Long-Term Investments | -$29M |
| Tax Assets | $29M |
| Other Non-Current Assets | $173M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $207M |
| Short-Term Debt | $450M |
| Deferred Revenue | $55M |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$281M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | -$600.0K |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $1.9B |
| Net Debt | $184M |
