| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $1.9B | -0.2% | 18.7% |
| Op. Income | $338M | $479M | $352M | -29.5% | -4.1% |
| Gross Margin | 57.0% | 58.8% | 55.9% | -1.8pp | 1.1pp |
| Net Margin | 11.3% | 15.5% | 13.8% | -4.2pp | -2.5pp |
| EPS (Diluted) | $1.96 | $2.68 | $2.00 | -26.9% | -2.0% |
| Free Cash Flow | $227M | $331M | -$110M | -31.5% | 306.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $948M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $843M |
| Other Expenses | $76M |
| Operating Expenses | $919M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $338M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $348M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | $98M |
| EBIT | $413M |
| EBITDA | $511M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $948M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $843M |
| Other Expenses | $76M |
| Operating Expenses | $919M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $338M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $348M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | $98M |
| EBIT | $413M |
| EBITDA | $511M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $249M |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $109M |
| Change in Working Capital | -$90M |
| OPERATING CASH FLOW | $390M |
| Capital Expenditure | -$163M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$162M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$213M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$205M |
| FREE CASH FLOW | $227M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $407M |
| Inventory | $1.7B |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $2.5B |
| Goodwill | $24M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $165M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $309M |
| Short-Term Debt | $0 |
| Deferred Revenue | $213M |
| Other Current Liabilities | $367M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $606.0K |
| Additional Paid-In Capital | $536M |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$316M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $1.2B |
| Net Debt | $77M |
