| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $900M | $903M | $739M | -0.4% | 21.9% |
| Op. Income | $202M | $215M | $132M | -6.0% | 53.4% |
| Gross Margin | 35.8% | 36.4% | 36.8% | -0.6pp | -1.0pp |
| Net Margin | 15.0% | 16.6% | 9.3% | -1.6pp | 5.8pp |
| EPS (Diluted) | $0.30 | $0.34 | $0.15 | -11.8% | 100.0% |
| Free Cash Flow | $129M | $109M | $229M | 19.0% | -43.6% |
| Item | Amount |
|---|---|
| REVENUE | $900M |
| Cost of Revenue | $578M |
| GROSS PROFIT | $323M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $2M |
| Operating Expenses | $120M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $202M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $41M |
| EBIT | $202M |
| EBITDA | $243M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $900M |
| Cost of Revenue | $578M |
| GROSS PROFIT | $323M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $2M |
| Operating Expenses | $120M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $202M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $41M |
| EBIT | $202M |
| EBITDA | $243M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $135M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | -$25M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $196M |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$152M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$104M |
| FREE CASH FLOW | $129M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $0 |
| Net Receivables | $326M |
| Inventory | $270M |
| Other Current Assets | $174M |
| TOTAL CURRENT ASSETS | $939M |
| PP&E (Net) | $1.5B |
| Goodwill | $202M |
| Intangible Assets | $166M |
| Long-Term Investments | $0 |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $389M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $171M |
| TOTAL CURRENT LIABILITIES | $689M |
| Long-Term Debt | $893M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $86M |
| Other Non-Current Liabilities | $980M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $232M |
| Additional Paid-In Capital | $234M |
| Retained Earnings | $840M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $970M |
| Net Debt | $838M |
