| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37.7B | $42.9B | $38.9B | -12.1% | -3.0% |
| Op. Income | $5.4B | $6.6B | $6.1B | -18.0% | -12.1% |
| Gross Margin | 33.8% | 33.0% | 34.0% | 0.8pp | -0.2pp |
| Net Margin | 10.1% | 10.9% | 11.2% | -0.8pp | -1.1pp |
| EPS (Diluted) | $3.81 | $4.65 | $4.24 | -18.1% | -10.1% |
| Free Cash Flow | $3.6B | $5.8B | $2.1B | -38.6% | 72.1% |
| Item | Amount |
|---|---|
| REVENUE | $37.7B |
| Cost of Revenue | $25.0B |
| GROSS PROFIT | $12.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.6B |
| Other Expenses | $683M |
| Operating Expenses | $7.3B |
| Cost & Expenses | $32.3B |
| OPERATING INCOME | $5.4B |
| Interest Income | $49M |
| Interest Expense | $487M |
| Other Income/Expenses | -$438M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $827M |
| EBIT | $5.5B |
| EBITDA | $6.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $37.7B |
| Cost of Revenue | $25.0B |
| GROSS PROFIT | $12.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.6B |
| Other Expenses | $683M |
| Operating Expenses | $7.3B |
| Cost & Expenses | $32.3B |
| OPERATING INCOME | $5.4B |
| Interest Income | $49M |
| Interest Expense | $487M |
| Other Income/Expenses | -$438M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $827M |
| EBIT | $5.5B |
| EBITDA | $6.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $3.8B |
| Depreciation & Amortization | $827M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $157M |
| Change in Working Capital | -$645M |
| OPERATING CASH FLOW | $4.2B |
| Capital Expenditure | -$671M |
| Acquisitions (Net) | -$580M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$70M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$2.1B |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$3.7B |
| FREE CASH FLOW | $3.6B |
| Net Change in Cash | -$756M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $0 |
| Net Receivables | $3.9B |
| Inventory | $22.8B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $30.7B |
| PP&E (Net) | $32.8B |
| Goodwill | $7.9B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.2B |
| TOTAL NON-CURRENT ASSETS | $44.9B |
| TOTAL ASSETS | $75.6B |
| Account Payables | $11.5B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $23.6B |
| Long-Term Debt | $40.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $753M |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $50.6B |
| TOTAL LIABILITIES | $74.1B |
| Common Stock | $90M |
| Additional Paid-In Capital | $12.9B |
| Retained Earnings | $82.9B |
| Treasury Stock | -$93.9B |
| Accum. Other Comp. Income | -$662M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $75.6B |
| Total Debt | $49.3B |
| Net Debt | $47.2B |
