| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $984M | $1.0B | $1.0B | -4.1% | -1.8% |
| Op. Income | $1M | $272M | $264M | -99.5% | -99.5% |
| Gross Margin | 37.3% | 57.1% | 54.8% | -19.7pp | -17.5pp |
| Net Margin | -4.1% | 21.3% | 22.8% | -25.4pp | -26.9pp |
| EPS (Diluted) | $-0.16 | $0.87 | $0.90 | -118.4% | -117.8% |
| Free Cash Flow | $296M | $174M | $305M | 70.1% | -2.9% |
| Item | Amount |
|---|---|
| REVENUE | $984M |
| Cost of Revenue | $617M |
| GROSS PROFIT | $368M |
| R&D Expenses | $73M |
| Selling & Marketing | $150M |
| General & Administrative | $90M |
| SG&A Expenses | $240M |
| Other Expenses | $54M |
| Operating Expenses | $366M |
| Cost & Expenses | $983M |
| OPERATING INCOME | $1M |
| Interest Income | $33M |
| Interest Expense | $28M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $81M |
| EBIT | $40M |
| EBITDA | $121M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $81M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$39M |
| Other Non-Cash Items | $225M |
| Change in Working Capital | $89M |
| OPERATING CASH FLOW | $333M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$114M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$110M |
| FREE CASH FLOW | $296M |
| Net Change in Cash | $183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $0 |
| Net Receivables | $687M |
| Inventory | $680M |
| Other Current Assets | $174M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $493M |
| Goodwill | $3.3B |
| Intangible Assets | $940M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $267M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $181M |
| Short-Term Debt | $32M |
| Deferred Revenue | $233M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $981M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $336M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $2.0B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$114M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $2.8B |
| Net Debt | $75M |
