| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $372M | $384M | $424M | -3.2% | -12.3% |
| Op. Income | $122M | $129M | $120M | -5.6% | 1.3% |
| Gross Margin | 51.2% | 52.5% | 46.1% | -1.2pp | 5.1pp |
| Net Margin | 32.0% | 30.2% | 26.8% | 1.8pp | 5.2pp |
| EPS (Diluted) | $1.99 | $1.86 | $1.79 | 7.0% | 11.2% |
| Free Cash Flow | $100M | $70M | $83M | 42.3% | 20.2% |
| Item | Amount |
|---|---|
| REVENUE | $372M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $191M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $1M |
| Operating Expenses | $69M |
| Cost & Expenses | $250M |
| OPERATING INCOME | $122M |
| Interest Income | $2M |
| Interest Expense | $36.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $5M |
| EBIT | $124M |
| EBITDA | $129M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $372M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $191M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $1M |
| Operating Expenses | $69M |
| Cost & Expenses | $250M |
| OPERATING INCOME | $122M |
| Interest Income | $2M |
| Interest Expense | $36.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $5M |
| EBIT | $124M |
| EBITDA | $129M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $171.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$397.0K |
| Purchases of Investments | -$70M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | -$131.0K |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $446M |
| Short-Term Investments | $300M |
| Net Receivables | $350M |
| Inventory | $215M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $108M |
| Goodwill | $70M |
| Intangible Assets | $35M |
| Long-Term Investments | $5M |
| Tax Assets | $21M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $242M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $99M |
| Short-Term Debt | $0 |
| Deferred Revenue | $67M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $274M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $77M |
| TOTAL NON-CURRENT LIABILITIES | $148M |
| TOTAL LIABILITIES | $422M |
| Common Stock | $557M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | -$616M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $42M |
| Net Debt | -$404M |
