| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $674M | $634M | $652M | 6.3% | 3.5% |
| Op. Income | $107M | $75M | $96M | 44.0% | 11.5% |
| Gross Margin | 80.6% | 80.1% | 81.4% | 0.5pp | -0.8pp |
| Net Margin | 12.3% | 8.9% | 13.8% | 3.4pp | -1.4pp |
| EPS (Diluted) | $1.37 | $0.92 | $1.46 | 48.9% | -6.2% |
| Free Cash Flow | $62M | $121M | $173M | -48.8% | -64.1% |
| Item | Amount |
|---|---|
| REVENUE | $674M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $544M |
| R&D Expenses | $139M |
| Selling & Marketing | $227M |
| General & Administrative | $71M |
| SG&A Expenses | $298M |
| Other Expenses | $0 |
| Operating Expenses | $436M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $107M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $29M |
| EBIT | $107M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $674M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $544M |
| R&D Expenses | $139M |
| Selling & Marketing | $227M |
| General & Administrative | $71M |
| SG&A Expenses | $298M |
| Other Expenses | $0 |
| Operating Expenses | $436M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $107M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $29M |
| EBIT | $107M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$100M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $109M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$222M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $542M |
| Short-Term Investments | $196M |
| Net Receivables | $734M |
| Inventory | $44M |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $389M |
| Goodwill | $2.3B |
| Intangible Assets | $212M |
| Long-Term Investments | $223M |
| Tax Assets | $172M |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $73M |
| Short-Term Debt | $398M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $99M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $265M |
| Deferred Revenue NC | $588M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | -$191M |
| TOTAL NON-CURRENT LIABILITIES | $930M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $33M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $928M |
| Net Debt | $386M |
