| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $703M | $703M | $674M | -0.1% | 4.2% |
| Op. Income | $104M | $106M | $107M | -2.3% | -3.6% |
| Gross Margin | 79.8% | 77.9% | 80.6% | 2.0pp | -0.8pp |
| Net Margin | 12.7% | 11.6% | 12.3% | 1.1pp | 0.4pp |
| EPS (Diluted) | $1.48 | $1.34 | $1.37 | 10.4% | 8.0% |
| Free Cash Flow | $150M | $130M | $62M | 15.2% | 141.7% |
| Item | Amount |
|---|---|
| REVENUE | $703M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $561M |
| R&D Expenses | $129M |
| Selling & Marketing | $207M |
| General & Administrative | $65M |
| SG&A Expenses | $272M |
| Other Expenses | $57M |
| Operating Expenses | $457M |
| Cost & Expenses | $599M |
| OPERATING INCOME | $104M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $28M |
| EBIT | $160M |
| EBITDA | $189M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $703M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $561M |
| R&D Expenses | $129M |
| Selling & Marketing | $207M |
| General & Administrative | $65M |
| SG&A Expenses | $272M |
| Other Expenses | $57M |
| Operating Expenses | $457M |
| Cost & Expenses | $599M |
| OPERATING INCOME | $104M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $28M |
| EBIT | $160M |
| EBITDA | $189M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | -$36M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$43.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37M |
| NET CASH FROM FINANCING | -$215M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $677M |
| Short-Term Investments | $13M |
| Net Receivables | $806M |
| Inventory | $82M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $375M |
| Goodwill | $2.3B |
| Intangible Assets | $164M |
| Long-Term Investments | $223M |
| Tax Assets | $271M |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $65M |
| Short-Term Debt | $42M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $96M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $250M |
| Deferred Revenue NC | $642M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | -$174M |
| TOTAL NON-CURRENT LIABILITIES | $972M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $33M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $542M |
| Net Debt | -$135M |
