| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.6B | $4.3B | 2.3% | 9.6% |
| Op. Income | $1.0B | $979M | $998M | 2.2% | 0.3% |
| Gross Margin | 30.7% | 30.4% | 32.8% | 0.3pp | -2.1pp |
| Net Margin | 17.2% | 16.4% | 18.2% | 0.7pp | -1.0pp |
| EPS (Diluted) | $0.19 | $0.18 | $0.18 | 5.6% | 5.6% |
| Free Cash Flow | $576M | $589M | $719M | -2.2% | -19.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $196M |
| General & Administrative | $232M |
| SG&A Expenses | $428M |
| Other Expenses | $0 |
| Operating Expenses | $428M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $1.0B |
| Interest Income | $55M |
| Interest Expense | $10M |
| Other Income/Expenses | $84M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $285M |
| Net Income from Continuing Ops | $800M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $800M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $800M |
| D&A | $137M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $196M |
| General & Administrative | $232M |
| SG&A Expenses | $428M |
| Other Expenses | $0 |
| Operating Expenses | $428M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $1.0B |
| Interest Income | $55M |
| Interest Expense | $10M |
| Other Income/Expenses | $84M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $285M |
| Net Income from Continuing Ops | $800M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $800M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $800M |
| D&A | $137M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $800M |
| Depreciation & Amortization | $137M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $285M |
| Other Non-Cash Items | -$220M |
| Change in Working Capital | -$372M |
| OPERATING CASH FLOW | $644M |
| Capital Expenditure | -$68M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$2.6B |
| Sales/Maturities of Investments | $3.1B |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | $325M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | -$492M |
| Common Dividends Paid | -$841M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $576M |
| Net Change in Cash | -$427M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.1B |
| Net Receivables | $5.4B |
| Inventory | $0 |
| Other Current Assets | $259M |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $2.4B |
| Goodwill | $876M |
| Intangible Assets | $222M |
| Long-Term Investments | $1.6B |
| Tax Assets | $140M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $15.2B |
| Account Payables | $581M |
| Short-Term Debt | $0 |
| Deferred Revenue | $862M |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $128M |
| Other Non-Current Liabilities | $288M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $327M |
| Additional Paid-In Capital | $350M |
| Retained Earnings | $12.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.0B |
| Minority Interest | $51M |
| TOTAL EQUITY | $9.0B |
| TOTAL LIABILITIES & EQUITY | $15.2B |
| Total Debt | $933M |
| Net Debt | -$468M |
