| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B | 4.5% | 4.3% |
| Op. Income | $291M | $258M | $249M | 12.9% | 17.2% |
| Gross Margin | 59.3% | 58.1% | 57.0% | 1.2pp | 2.4pp |
| Net Margin | 13.7% | 11.9% | 11.8% | 1.8pp | 1.9pp |
| EPS (Diluted) | $0.59 | $0.49 | $0.48 | 20.4% | 22.9% |
| Free Cash Flow | $300M | $150M | $276M | 100.5% | 8.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $621M |
| GROSS PROFIT | $905M |
| R&D Expenses | $100M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $514M |
| Other Expenses | $0 |
| Operating Expenses | $614M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $291M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $250M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $114M |
| EBIT | $284M |
| EBITDA | $397M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $621M |
| GROSS PROFIT | $905M |
| R&D Expenses | $100M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $514M |
| Other Expenses | $0 |
| Operating Expenses | $614M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $291M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $250M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $114M |
| EBIT | $284M |
| EBITDA | $397M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $209M |
| Depreciation & Amortization | $114M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $321M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$109M |
| Common Stock Repurchased | -$129M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$254M |
| FREE CASH FLOW | $300M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $713M |
| Short-Term Investments | $0 |
| Net Receivables | $935M |
| Inventory | $561M |
| Other Current Assets | $265M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $426M |
| Goodwill | $9.1B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $474M |
| TOTAL NON-CURRENT ASSETS | $13.3B |
| TOTAL ASSETS | $15.7B |
| Account Payables | $586M |
| Short-Term Debt | $1000M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $7.1B |
| Treasury Stock | -$572M |
| Accum. Other Comp. Income | -$320M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $6M |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $15.7B |
| Total Debt | $3.0B |
| Net Debt | $2.3B |
