| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $823M | $911M | $813M | -9.7% | 1.3% |
| Op. Income | $118M | $260M | $247M | -54.6% | -52.2% |
| Gross Margin | 92.0% | 93.2% | 94.0% | -1.2pp | -2.0pp |
| Net Margin | 13.7% | 17.7% | 22.4% | -4.0pp | -8.7pp |
| EPS (Diluted) | $0.50 | $0.72 | $0.82 | -30.6% | -39.0% |
| Free Cash Flow | $269M | $162M | $223M | 65.4% | 20.5% |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $757M |
| R&D Expenses | $384M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $255M |
| Other Expenses | $0 |
| Operating Expenses | $639M |
| Cost & Expenses | $705M |
| OPERATING INCOME | $118M |
| Interest Income | $0 |
| Interest Expense | $641.0K |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $17M |
| EBIT | $149M |
| EBITDA | $166M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $757M |
| R&D Expenses | $384M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $255M |
| Other Expenses | $0 |
| Operating Expenses | $639M |
| Cost & Expenses | $705M |
| OPERATING INCOME | $118M |
| Interest Income | $0 |
| Interest Expense | $641.0K |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $17M |
| EBIT | $149M |
| EBITDA | $166M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $113M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $128M |
| OPERATING CASH FLOW | $296M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $591.0K |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$591.0K |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | -$738.0K |
| Common Stock Repurchased | $5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $269M |
| Net Change in Cash | $255M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $287M |
| Net Receivables | $618M |
| Inventory | $46M |
| Other Current Assets | $180M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $742M |
| Goodwill | $156M |
| Intangible Assets | $135M |
| Long-Term Investments | $149M |
| Tax Assets | $427M |
| Other Non-Current Assets | $81M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $163M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $391M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $246M |
| TOTAL NON-CURRENT LIABILITIES | $277M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $222.0K |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | -$466M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $42M |
| Net Debt | -$2.6B |
