| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.4B | -0.6% | 0.4% |
| Op. Income | $365M | $354M | $357M | 3.1% | 2.2% |
| Gross Margin | 64.8% | 65.4% | 63.7% | -0.6pp | 1.1pp |
| Net Margin | 20.8% | 20.4% | 24.6% | 0.5pp | -3.7pp |
| EPS (Diluted) | $1.61 | $1.58 | $1.87 | 1.9% | -13.9% |
| Free Cash Flow | $196M | $370M | $192M | -47.0% | 2.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $486M |
| GROSS PROFIT | $896M |
| R&D Expenses | $215M |
| Selling & Marketing | $304M |
| General & Administrative | $15M |
| SG&A Expenses | $319M |
| Other Expenses | -$3M |
| Operating Expenses | $531M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $365M |
| Interest Income | $29M |
| Interest Expense | $19M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $288M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $288M |
| D&A | $54M |
| EBIT | $408M |
| EBITDA | $462M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $486M |
| GROSS PROFIT | $896M |
| R&D Expenses | $215M |
| Selling & Marketing | $304M |
| General & Administrative | $15M |
| SG&A Expenses | $319M |
| Other Expenses | -$3M |
| Operating Expenses | $531M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $365M |
| Interest Income | $29M |
| Interest Expense | $19M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $288M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $288M |
| D&A | $54M |
| EBIT | $408M |
| EBITDA | $462M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $288M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$136M |
| OPERATING CASH FLOW | $241M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$151M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$119M |
| FREE CASH FLOW | $196M |
| Net Change in Cash | $74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $0 |
| Net Receivables | $893M |
| Inventory | $975M |
| Other Current Assets | $137M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $976M |
| Goodwill | $1.7B |
| Intangible Assets | $175M |
| Long-Term Investments | $96M |
| Tax Assets | $656M |
| Other Non-Current Assets | $366M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $289M |
| Short-Term Debt | $0 |
| Deferred Revenue | $518M |
| Other Current Liabilities | $264M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $229M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $382M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $5.4B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$402M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $2.0B |
| Net Debt | -$550M |
