| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.2B | $3.8B | -3.9% | 5.5% |
| Op. Income | $1.2B | $1.3B | $1.2B | -10.9% | -0.3% |
| Gross Margin | 44.7% | 46.8% | 46.3% | -2.1pp | -1.5pp |
| Net Margin | 25.2% | 28.3% | 27.8% | -3.1pp | -2.7pp |
| EPS (Diluted) | $0.73 | $0.84 | $0.74 | -13.1% | -1.4% |
| Free Cash Flow | $612M | $1.3B | $1.1B | -53.0% | -43.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $407M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $217M |
| Other Expenses | $0 |
| Operating Expenses | $625M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $1.2B |
| Interest Income | $2M |
| Interest Expense | $47M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $113M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $84M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $407M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $217M |
| Other Expenses | $0 |
| Operating Expenses | $625M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $1.2B |
| Interest Income | $2M |
| Interest Expense | $47M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $113M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $84M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | -$57M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$357M |
| OPERATING CASH FLOW | $758M |
| Capital Expenditure | -$145M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$299M |
| Sales/Maturities of Investments | $379M |
| Other Investing Activities | -$28M |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$211M |
| Other Financing Activities | $214.0K |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $612M |
| Net Change in Cash | -$892M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $160M |
| Net Receivables | $3.7B |
| Inventory | $3.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11.9B |
| PP&E (Net) | $1.6B |
| Goodwill | $1.5B |
| Intangible Assets | $113M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $16.6B |
| Account Payables | $1.0B |
| Short-Term Debt | $8M |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $10.6B |
| Common Stock | $139.0K |
| Additional Paid-In Capital | $7.3B |
| Retained Earnings | $17.5B |
| Treasury Stock | -$18.6B |
| Accum. Other Comp. Income | -$98M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $16.6B |
| Total Debt | $5.0B |
| Net Debt | $814M |
