| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.1B | -3.3% | 12.0% |
| Op. Income | $270M | $284M | $239M | -4.9% | 12.9% |
| Gross Margin | 57.0% | 57.5% | 58.8% | -0.5pp | -1.8pp |
| Net Margin | 20.1% | 21.8% | 18.5% | -1.7pp | 1.6pp |
| EPS (Diluted) | $1.34 | $1.50 | $1.09 | -10.7% | 22.9% |
| Free Cash Flow | $312M | $221M | $103M | 41.2% | 201.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $549M |
| GROSS PROFIT | $729M |
| R&D Expenses | $222M |
| Selling & Marketing | $35M |
| General & Administrative | $201M |
| SG&A Expenses | $237M |
| Other Expenses | $938.0K |
| Operating Expenses | $458M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $270M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $257M |
| D&A | $45M |
| EBIT | $270M |
| EBITDA | $315M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $549M |
| GROSS PROFIT | $729M |
| R&D Expenses | $222M |
| Selling & Marketing | $35M |
| General & Administrative | $201M |
| SG&A Expenses | $237M |
| Other Expenses | $938.0K |
| Operating Expenses | $458M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $270M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $257M |
| D&A | $45M |
| EBIT | $270M |
| EBITDA | $315M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $257M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $357M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | -$151M |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $5.0K |
| NET CASH FROM INVESTING | -$198M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$140M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$149M |
| FREE CASH FLOW | $312M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $273M |
| Net Receivables | $721M |
| Inventory | $1.4B |
| Other Current Assets | $285M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $1.3B |
| Goodwill | $594M |
| Intangible Assets | $186M |
| Long-Term Investments | $1.1B |
| Tax Assets | $515M |
| Other Non-Current Assets | $103M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $268M |
| Short-Term Debt | $0 |
| Deferred Revenue | $98M |
| Other Current Liabilities | $765M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $116M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $288M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $20M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$331M |
| Accum. Other Comp. Income | -$161M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $111M |
| Net Debt | -$1.3B |
