| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.2B | $4.5B | -1.8% | 13.0% |
| Op. Income | $730M | $800M | $815M | -8.7% | -10.4% |
| Gross Margin | 32.5% | 32.7% | 30.9% | -0.2pp | 1.5pp |
| Net Margin | 10.8% | 11.6% | 14.6% | -0.8pp | -3.8pp |
| EPS (Diluted) | $0.92 | $1.01 | $1.08 | -8.9% | -14.8% |
| Free Cash Flow | $702M | $676M | $604M | 3.8% | 16.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $947M |
| Other Expenses | -$12M |
| Operating Expenses | $935M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $730M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $666M |
| Income Tax Expense | $108M |
| Net Income from Continuing Ops | $558M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $553M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $553M |
| D&A | $137M |
| EBIT | $718M |
| EBITDA | $855M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $947M |
| Other Expenses | -$12M |
| Operating Expenses | $935M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $730M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $666M |
| Income Tax Expense | $108M |
| Net Income from Continuing Ops | $558M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $553M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $553M |
| D&A | $137M |
| EBIT | $718M |
| EBITDA | $855M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $558M |
| Depreciation & Amortization | $137M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $86M |
| OPERATING CASH FLOW | $826M |
| Capital Expenditure | -$125M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $400.0K |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | -$192M |
| Common Stock Repurchased | -$251M |
| Common Dividends Paid | -$320M |
| Other Financing Activities | $38M |
| NET CASH FROM FINANCING | -$725M |
| FREE CASH FLOW | $702M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $619M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $2.1B |
| Other Current Assets | $644M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $3.4B |
| Goodwill | $14.5B |
| Intangible Assets | $7.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $26.1B |
| TOTAL ASSETS | $31.2B |
| Account Payables | $3.9B |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $9.4B |
| Long-Term Debt | $8.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $11.3B |
| TOTAL LIABILITIES | $20.7B |
| Common Stock | $76M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $19.2B |
| Treasury Stock | -$8.2B |
| Accum. Other Comp. Income | -$2.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $249M |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $31.2B |
| Total Debt | $11.6B |
| Net Debt | $11.0B |
