| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $619M | $677M | $616M | -8.6% | 0.4% |
| Op. Income | $79M | $91M | $69M | -12.5% | 15.6% |
| Gross Margin | 35.9% | 36.9% | 39.7% | -1.0pp | -3.8pp |
| Net Margin | 8.6% | 9.6% | 5.8% | -1.0pp | 2.8pp |
| EPS (Diluted) | $0.22 | $0.26 | $0.15 | -15.4% | 46.7% |
| Free Cash Flow | $116M | $64M | $81M | 80.9% | 42.9% |
| Item | Amount |
|---|---|
| REVENUE | $619M |
| Cost of Revenue | $397M |
| GROSS PROFIT | $222M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $539M |
| OPERATING INCOME | $79M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $40M |
| EBIT | $79M |
| EBITDA | $119M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $619M |
| Cost of Revenue | $397M |
| GROSS PROFIT | $222M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $539M |
| OPERATING INCOME | $79M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $40M |
| EBIT | $79M |
| EBITDA | $119M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $127M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$54M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | $116M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $234M |
| Short-Term Investments | $0 |
| Net Receivables | $468M |
| Inventory | $310M |
| Other Current Assets | $132M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $263M |
| Goodwill | $2.3B |
| Intangible Assets | $804M |
| Long-Term Investments | $154M |
| Tax Assets | $50M |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $158M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $184M |
| TOTAL CURRENT LIABILITIES | $354M |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $123M |
| Other Non-Current Liabilities | $201M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$300M |
| Accum. Other Comp. Income | -$378M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $17M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.9B |
| Net Debt | $1.7B |
