| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.5B | $8.3B | $6.9B | 14.3% | 36.8% |
| Op. Income | $3.5B | $2.3B | $2.0B | 51.4% | 73.8% |
| Gross Margin | 80.4% | 78.3% | 77.3% | 2.2pp | 3.2pp |
| Net Margin | -0.6% | 21.2% | 20.9% | -21.8pp | -21.5pp |
| EPS (Diluted) | $-0.06 | $1.86 | $1.61 | -103.3% | -103.8% |
| Free Cash Flow | -$1.8B | -$204M | $1.6B | -786.4% | -215.8% |
| Item | Amount |
|---|---|
| REVENUE | $9.5B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $7.6B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $1.7B |
| SG&A Expenses | $1.7B |
| Other Expenses | $0 |
| Operating Expenses | $4.1B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $3.5B |
| Interest Income | $49M |
| Interest Expense | $125M |
| Other Income/Expenses | -$3.1B |
| INCOME BEFORE TAX | $427M |
| Income Tax Expense | $485M |
| Net Income from Continuing Ops | -$57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$57M |
| D&A | $411M |
| EBIT | $552M |
| EBITDA | $963M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $411M |
| Stock-Based Compensation | $216M |
| Deferred Income Tax | -$844M |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | $793M |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$4.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$151M |
| Sales/Maturities of Investments | $133M |
| Other Investing Activities | -$2.1B |
| NET CASH FROM INVESTING | -$3.1B |
| Net Debt Issuance | $1.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $572M |
| FREE CASH FLOW | -$1.8B |
| Net Change in Cash | -$314M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $113M |
| Net Receivables | $10.4B |
| Inventory | $4.9B |
| Other Current Assets | $5.2B |
| TOTAL CURRENT ASSETS | $23.0B |
| PP&E (Net) | $11.9B |
| Goodwill | $4.1B |
| Intangible Assets | $6.8B |
| Long-Term Investments | $2.7B |
| Tax Assets | $4.6B |
| Other Non-Current Assets | $4.9B |
| TOTAL NON-CURRENT ASSETS | $34.9B |
| TOTAL ASSETS | $57.9B |
| Account Payables | $2.4B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.1B |
| TOTAL CURRENT LIABILITIES | $22.0B |
| Long-Term Debt | $17.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.7B |
| TOTAL NON-CURRENT LIABILITIES | $24.6B |
| TOTAL LIABILITIES | $46.6B |
| Common Stock | $594M |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $10.3B |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$3.8B |
| Other Equity | -$3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $11.2B |
| Minority Interest | $87M |
| TOTAL EQUITY | $11.3B |
| TOTAL LIABILITIES & EQUITY | $57.9B |
| Total Debt | $20.2B |
| Net Debt | $17.8B |
