| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.8B | -6.1% | -28.9% |
| Op. Income | $80M | $88M | $133M | -8.6% | -39.8% |
| Gross Margin | 21.4% | 21.3% | 20.3% | 0.0pp | 1.0pp |
| Net Margin | 4.8% | 4.8% | 5.5% | -0.1pp | -0.7pp |
| EPS (Diluted) | $1.71 | $1.85 | $2.76 | -7.6% | -38.0% |
| Free Cash Flow | $109M | $46M | $213M | 136.0% | -48.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $276M |
| R&D Expenses | $0 |
| Selling & Marketing | $115M |
| General & Administrative | $51M |
| SG&A Expenses | $166M |
| Other Expenses | $30M |
| Operating Expenses | $196M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $80M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $14M |
| EBIT | $80M |
| EBITDA | $95M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $276M |
| R&D Expenses | $0 |
| Selling & Marketing | $115M |
| General & Administrative | $51M |
| SG&A Expenses | $166M |
| Other Expenses | $30M |
| Operating Expenses | $196M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $80M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $14M |
| EBIT | $80M |
| EBITDA | $95M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $112M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$24.0K |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $440M |
| Short-Term Investments | $57M |
| Net Receivables | $868M |
| Inventory | $0 |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $284M |
| Goodwill | $42M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $131M |
| TOTAL NON-CURRENT ASSETS | $457M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $465M |
| Short-Term Debt | $48M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $670M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $139M |
| TOTAL LIABILITIES | $809M |
| Common Stock | $685.0K |
| Additional Paid-In Capital | $255M |
| Retained Earnings | $2.8B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $123M |
| Net Debt | -$316M |
