| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $5.3B | $4.1B | -26.7% | -4.7% |
| Op. Income | $942M | $1.7B | $1.2B | -43.9% | -21.0% |
| Gross Margin | 41.5% | 45.0% | 44.7% | -3.5pp | -3.2pp |
| Net Margin | 21.0% | 27.8% | 25.2% | -6.8pp | -4.1pp |
| EPS (Diluted) | $0.60 | $1.08 | $0.73 | -44.4% | -17.8% |
| Free Cash Flow | $1.6B | $977M | $612M | 64.5% | 162.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $429M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $194M |
| Other Expenses | $40M |
| Operating Expenses | $663M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $942M |
| Interest Income | $42M |
| Interest Expense | $47M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $939M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $814M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $814M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $814M |
| D&A | $92M |
| EBIT | $986M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $429M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $194M |
| Other Expenses | $40M |
| Operating Expenses | $663M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $942M |
| Interest Income | $42M |
| Interest Expense | $47M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $939M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $814M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $814M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $814M |
| D&A | $92M |
| EBIT | $986M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $814M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $738M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$119M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | -$124M |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$582M |
| Common Dividends Paid | -$234M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$820M |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $820M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $64M |
| Net Receivables | $3.3B |
| Inventory | $4.9B |
| Other Current Assets | $216M |
| TOTAL CURRENT ASSETS | $13.7B |
| PP&E (Net) | $1.9B |
| Goodwill | $1.6B |
| Intangible Assets | $180M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $19.2B |
| Account Payables | $602M |
| Short-Term Debt | $8M |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $4.4B |
| 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 | $10.8B |
| Common Stock | $135.0K |
| Additional Paid-In Capital | $7.7B |
| Retained Earnings | $21.5B |
| Treasury Stock | -$20.6B |
| Accum. Other Comp. Income | -$105M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $19.2B |
| Total Debt | $5.0B |
| Net Debt | -$300M |
