| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.2B | $9.1B | $9.0B | 0.7% | 2.9% |
| Op. Income | $1.9B | $1.9B | $1.7B | 2.3% | 10.6% |
| Gross Margin | 38.4% | 38.5% | 37.5% | -0.0pp | 0.9pp |
| Net Margin | 16.4% | 16.3% | 17.3% | 0.2pp | -0.9pp |
| EPS (Diluted) | $2.27 | $2.22 | $2.28 | 2.3% | -0.4% |
| Free Cash Flow | $1.6B | $1.1B | $1.9B | 38.4% | -17.9% |
| Item | Amount |
|---|---|
| REVENUE | $9.2B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $364M |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $1.9B |
| Interest Income | $89M |
| Interest Expense | $206M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $452M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $308M |
| EBIT | $2.2B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.2B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $364M |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $1.9B |
| Interest Income | $89M |
| Interest Expense | $206M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $452M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $308M |
| EBIT | $2.2B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $308M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | -$28M |
| Other Non-Cash Items | -$90M |
| Change in Working Capital | $66M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$249M |
| Acquisitions (Net) | -$55M |
| Purchases of Investments | -$175M |
| Sales/Maturities of Investments | $426M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$834M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$728M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | -$856M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.8B |
| Short-Term Investments | $164M |
| Net Receivables | $7.8B |
| Inventory | $6.0B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $23.3B |
| PP&E (Net) | $5.5B |
| Goodwill | $17.8B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $895M |
| Tax Assets | $377M |
| Other Non-Current Assets | $10.1B |
| TOTAL NON-CURRENT ASSETS | $38.0B |
| TOTAL ASSETS | $61.3B |
| Account Payables | $6.4B |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $17.2B |
| Long-Term Debt | $16.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $7.4B |
| TOTAL NON-CURRENT LIABILITIES | $26.3B |
| TOTAL LIABILITIES | $43.5B |
| Common Stock | $958M |
| Additional Paid-In Capital | $8.9B |
| Retained Earnings | $47.4B |
| Treasury Stock | -$36.5B |
| Accum. Other Comp. Income | -$3.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.2B |
| Minority Interest | $551M |
| TOTAL EQUITY | $17.8B |
| TOTAL LIABILITIES & EQUITY | $61.3B |
| Total Debt | $20.3B |
| Net Debt | $12.5B |
