| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $702M | $692M | $639M | 1.4% | 9.9% |
| Op. Income | $302M | $287M | $280M | 5.2% | 7.9% |
| Gross Margin | 85.0% | 85.5% | 86.4% | -0.5pp | -1.3pp |
| Net Margin | 28.8% | 48.1% | 27.9% | -19.3pp | 0.9pp |
| EPS (Diluted) | $0.34 | $0.56 | $0.30 | -39.3% | 13.3% |
| Free Cash Flow | $328M | $59M | $291M | 455.9% | 12.7% |
| Item | Amount |
|---|---|
| REVENUE | $702M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $597M |
| R&D Expenses | $60M |
| Selling & Marketing | $160M |
| General & Administrative | $42M |
| SG&A Expenses | $202M |
| Other Expenses | $33M |
| Operating Expenses | $295M |
| Cost & Expenses | $400M |
| OPERATING INCOME | $302M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $261M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $37M |
| EBIT | $293M |
| EBITDA | $330M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $702M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $597M |
| R&D Expenses | $60M |
| Selling & Marketing | $160M |
| General & Administrative | $42M |
| SG&A Expenses | $202M |
| Other Expenses | $33M |
| Operating Expenses | $295M |
| Cost & Expenses | $400M |
| OPERATING INCOME | $302M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $261M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $37M |
| EBIT | $293M |
| EBITDA | $330M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $202M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$29M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $89M |
| OPERATING CASH FLOW | $330M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$73M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | $328M |
| Net Change in Cash | $245M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $10M |
| Net Receivables | $128M |
| Inventory | $0 |
| Other Current Assets | $148M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $143M |
| Goodwill | $2.9B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $176M |
| Tax Assets | $335M |
| Other Non-Current Assets | $132M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $83M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $288M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $48M |
| Deferred Tax Liabilities | $137M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$98M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$98M |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $3.9B |
| Net Debt | $2.2B |
