| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $509M | $505M | $478M | 0.6% | 6.3% |
| Op. Income | $108M | $107M | $112M | 0.9% | -2.9% |
| Gross Margin | 39.6% | 39.7% | 41.0% | -0.2pp | -1.4pp |
| Net Margin | 16.0% | 16.0% | 17.7% | 0.1pp | -1.7pp |
| EPS (Diluted) | $1.12 | $1.10 | $1.16 | 1.8% | -3.4% |
| Free Cash Flow | $6M | $1M | $98M | 400.3% | -93.4% |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $201M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $93M |
| Cost & Expenses | $400M |
| OPERATING INCOME | $108M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $49M |
| EBIT | $111M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $201M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $93M |
| Cost & Expenses | $400M |
| OPERATING INCOME | $108M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $49M |
| EBIT | $111M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $82M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $6.0K |
| Change in Working Capital | -$112M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $39M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $789.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $240M |
| Inventory | $0 |
| Other Current Assets | $221M |
| TOTAL CURRENT ASSETS | $488M |
| PP&E (Net) | $200M |
| Goodwill | $805M |
| Intangible Assets | $646M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $469M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $157M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $321M |
| Long-Term Debt | $375M |
| Deferred Revenue NC | $69M |
| Deferred Tax Liabilities | $256M |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $749M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $574M |
| Retained Earnings | $2.8B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $375M |
| Net Debt | $348M |
