| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.2B | 2.2% | 16.6% |
| Op. Income | $366M | $434M | $340M | -15.6% | 7.7% |
| Gross Margin | 30.3% | 30.8% | 29.1% | -0.4pp | 1.2pp |
| Net Margin | 8.9% | 11.6% | 10.7% | -2.7pp | -1.8pp |
| EPS (Diluted) | $2.91 | $3.65 | $2.86 | -20.3% | 1.7% |
| Free Cash Flow | $78M | $302M | $2.0B | -74.1% | -96.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $765M |
| R&D Expenses | $0 |
| Selling & Marketing | $132M |
| General & Administrative | $100M |
| SG&A Expenses | $231M |
| Other Expenses | $168M |
| Operating Expenses | $399M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $366M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $92M |
| EBIT | $366M |
| EBITDA | $458M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $765M |
| R&D Expenses | $0 |
| Selling & Marketing | $132M |
| General & Administrative | $100M |
| SG&A Expenses | $231M |
| Other Expenses | $168M |
| Operating Expenses | $399M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $366M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $92M |
| EBIT | $366M |
| EBITDA | $458M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $224M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$18.0K |
| Other Non-Cash Items | $64M |
| Change in Working Capital | -$224M |
| OPERATING CASH FLOW | $173M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | -$60M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$156M |
| Net Debt Issuance | $122M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$23M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$155M |
| FREE CASH FLOW | $78M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $799M |
| Short-Term Investments | $36M |
| Net Receivables | $2.7B |
| Inventory | $0 |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $978M |
| Goodwill | $1.8B |
| Intangible Assets | $641M |
| Long-Term Investments | $164M |
| Tax Assets | $99M |
| Other Non-Current Assets | $690M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $9.5B |
| Account Payables | $2.5B |
| Short-Term Debt | $412M |
| Deferred Revenue | $172M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $9.5B |
| Total Debt | $3.4B |
| Net Debt | $2.6B |
