| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B | -2.1% | 2.6% |
| Op. Income | $291M | $291M | $253M | -0.1% | 15.1% |
| Gross Margin | 59.8% | 59.3% | 58.1% | 0.4pp | 1.7pp |
| Net Margin | 14.6% | 13.7% | 13.0% | 0.9pp | 1.5pp |
| EPS (Diluted) | $0.61 | $0.59 | $0.53 | 3.4% | 15.1% |
| Free Cash Flow | $384M | $300M | $307M | 27.8% | 24.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $602M |
| GROSS PROFIT | $893M |
| R&D Expenses | $98M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $504M |
| Other Expenses | $0 |
| Operating Expenses | $602M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $291M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $257M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $218M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $218M |
| D&A | $115M |
| EBIT | $287M |
| EBITDA | $402M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $602M |
| GROSS PROFIT | $893M |
| R&D Expenses | $98M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $504M |
| Other Expenses | $0 |
| Operating Expenses | $602M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $291M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $257M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $218M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $218M |
| D&A | $115M |
| EBIT | $287M |
| EBITDA | $402M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $218M |
| Depreciation & Amortization | $115M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$264M |
| Other Non-Cash Items | $264M |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $411M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | -$58M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$234M |
| Common Stock Repurchased | -$79M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$325M |
| FREE CASH FLOW | $384M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $714M |
| Short-Term Investments | $0 |
| Net Receivables | $925M |
| Inventory | $553M |
| Other Current Assets | $277M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $431M |
| Goodwill | $9.1B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $479M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $15.7B |
| Account Payables | $575M |
| Short-Term Debt | $750M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.4B |
| 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 | $5.6B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $7.3B |
| Treasury Stock | -$651M |
| Accum. Other Comp. Income | -$366M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.1B |
| Minority Interest | $6M |
| TOTAL EQUITY | $10.1B |
| TOTAL LIABILITIES & EQUITY | $15.7B |
| Total Debt | $2.7B |
| Net Debt | $2.0B |
