| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $551M | $711M | $635M | -22.5% | -13.2% |
| Op. Income | $118M | $170M | $135M | -30.7% | -12.9% |
| Gross Margin | 47.5% | 45.5% | 42.2% | 2.1pp | 5.3pp |
| Net Margin | 20.7% | 22.1% | 18.1% | -1.4pp | 2.6pp |
| EPS (Diluted) | $0.80 | $1.09 | $0.79 | -26.6% | 1.3% |
| Free Cash Flow | $122M | $225M | $179M | -45.8% | -31.9% |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $262M |
| R&D Expenses | $55M |
| Selling & Marketing | $55M |
| General & Administrative | $34M |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $144M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $118M |
| Interest Income | $20M |
| Interest Expense | $2M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $19M |
| EBIT | $140M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $262M |
| R&D Expenses | $55M |
| Selling & Marketing | $55M |
| General & Administrative | $34M |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $144M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $118M |
| Interest Income | $20M |
| Interest Expense | $2M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $19M |
| EBIT | $140M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $146M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | -$471M |
| Sales/Maturities of Investments | $495M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$110M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$118M |
| FREE CASH FLOW | $122M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $290M |
| Short-Term Investments | $1.5B |
| Net Receivables | $600M |
| Inventory | $174M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $194M |
| Goodwill | $213M |
| Intangible Assets | $79M |
| Long-Term Investments | $203M |
| Tax Assets | $254M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $955M |
| TOTAL ASSETS | $3.6B |
| Account Payables | $90M |
| Short-Term Debt | $100M |
| Deferred Revenue | $114M |
| Other Current Liabilities | $363M |
| TOTAL CURRENT LIABILITIES | $774M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $366M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $182M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $899M |
| Retained Earnings | $125M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $1.3B |
| Net Debt | $1.0B |
