| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36.2B | $42.1B | $35.6B | -14.0% | 1.7% |
| Op. Income | $1.4B | $1.2B | $1.3B | 12.5% | 6.6% |
| Gross Margin | 15.6% | 8.6% | 9.0% | 7.0pp | 6.7pp |
| Net Margin | 3.2% | 2.3% | 2.4% | 0.9pp | 0.8pp |
| EPS (Diluted) | $0.73 | $0.61 | $0.55 | 20.2% | 33.7% |
| Free Cash Flow | $1.5B | $6.3B | $562M | -76.7% | 160.4% |
| Item | Amount |
|---|---|
| REVENUE | $36.2B |
| Cost of Revenue | $30.5B |
| GROSS PROFIT | $5.7B |
| R&D Expenses | $554M |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.6B |
| SG&A Expenses | $3.7B |
| Other Expenses | $0 |
| Operating Expenses | $4.3B |
| Cost & Expenses | $34.8B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $104M |
| Other Income/Expenses | $219M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $377M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $262M |
| EBIT | $1.7B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $36.2B |
| Cost of Revenue | $30.5B |
| GROSS PROFIT | $5.7B |
| R&D Expenses | $554M |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.6B |
| SG&A Expenses | $3.7B |
| Other Expenses | $0 |
| Operating Expenses | $4.3B |
| Cost & Expenses | $34.8B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $104M |
| Other Income/Expenses | $219M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $377M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $262M |
| EBIT | $1.7B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $307M |
| Stock-Based Compensation | $201M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $525M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$730M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.9B |
| NET CASH FROM INVESTING | $2.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$655M |
| NET CASH FROM FINANCING | -$655M |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | $3.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.9B |
| Short-Term Investments | $18.5B |
| Net Receivables | $3.7B |
| Inventory | $9.4B |
| Other Current Assets | $3.2B |
| TOTAL CURRENT ASSETS | $52.3B |
| PP&E (Net) | $14.5B |
| Goodwill | $3.4B |
| Intangible Assets | $6.7B |
| Long-Term Investments | $9.2B |
| Tax Assets | $224M |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $38.0B |
| TOTAL ASSETS | $90.2B |
| Account Payables | $22.4B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $5.2B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $38.3B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $150M |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $218M |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $46.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $33.6B |
| TOTAL STOCKHOLDERS' EQUITY | $33.6B |
| Minority Interest | $9.7B |
| TOTAL EQUITY | $43.3B |
| TOTAL LIABILITIES & EQUITY | $90.2B |
| Total Debt | $10.2B |
| Net Debt | -$6.7B |
