| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $4.4B | $3.9B | -10.9% | 0.6% |
| Op. Income | $557M | $420M | $459M | 32.6% | 21.5% |
| Gross Margin | 44.1% | 33.7% | 38.3% | 10.5pp | 5.8pp |
| Net Margin | 14.2% | 8.5% | 10.3% | 5.7pp | 3.9pp |
| EPS (Diluted) | $0.48 | $0.32 | $0.34 | 50.8% | 41.3% |
| Free Cash Flow | $1.7B | $1.7B | $928M | 2.9% | 84.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $904M |
| Other Expenses | $280M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $557M |
| Interest Income | $525M |
| Interest Expense | $233M |
| Other Income/Expenses | $194M |
| INCOME BEFORE TAX | $751M |
| Income Tax Expense | $181M |
| Net Income from Continuing Ops | $570M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $561M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $561M |
| D&A | $568M |
| EBIT | $855M |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $904M |
| Other Expenses | $280M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $557M |
| Interest Income | $525M |
| Interest Expense | $233M |
| Other Income/Expenses | $194M |
| INCOME BEFORE TAX | $751M |
| Income Tax Expense | $181M |
| Net Income from Continuing Ops | $570M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $561M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $561M |
| D&A | $568M |
| EBIT | $855M |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $561M |
| Depreciation & Amortization | $526M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $528M |
| Change in Working Capital | $351M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$252M |
| Acquisitions (Net) | -$208M |
| Purchases of Investments | -$2.4B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$89M |
| Common Stock Repurchased | -$119M |
| Common Dividends Paid | -$317M |
| Other Financing Activities | $352M |
| NET CASH FROM FINANCING | -$173M |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $132M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.0B |
| Short-Term Investments | $33M |
| Net Receivables | $33.4B |
| Inventory | $914M |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $41.9B |
| PP&E (Net) | $5.1B |
| Goodwill | $3.2B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $23.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.9B |
| TOTAL NON-CURRENT ASSETS | $49.3B |
| TOTAL ASSETS | $91.2B |
| Account Payables | $1.6B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $6.8B |
| Long-Term Debt | $29.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33.5B |
| TOTAL NON-CURRENT LIABILITIES | $63.3B |
| TOTAL LIABILITIES | $70.1B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $18.9B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$476M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.4B |
| Minority Interest | $650M |
| TOTAL EQUITY | $21.0B |
| TOTAL LIABILITIES & EQUITY | $91.2B |
| Total Debt | $32.6B |
| Net Debt | $26.7B |
