| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.6B | $10.3B | $12.3B | 3.1% | -13.3% |
| Op. Income | $1.0B | $1.0B | $812M | 0.3% | 24.9% |
| Gross Margin | 13.6% | 14.0% | 9.5% | -0.3pp | 4.1pp |
| Net Margin | 7.0% | 6.9% | 4.7% | 0.1pp | 2.4pp |
| EPS (Diluted) | $2.29 | $2.18 | $1.74 | 5.0% | 31.6% |
| Free Cash Flow | $1.3B | $989M | $975M | 28.6% | 30.5% |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $378M |
| Other Expenses | $25M |
| Operating Expenses | $434M |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $1.0B |
| Interest Income | $37M |
| Interest Expense | $125M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | $901M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $748M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $745M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $745M |
| D&A | $367M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $378M |
| Other Expenses | $25M |
| Operating Expenses | $434M |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $1.0B |
| Interest Income | $37M |
| Interest Expense | $125M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | $901M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $748M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $745M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $745M |
| D&A | $367M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $747M |
| Depreciation & Amortization | $367M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | $81M |
| Change in Working Capital | $419M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$394M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $612M |
| Other Investing Activities | -$647M |
| NET CASH FROM INVESTING | -$429M |
| Net Debt Issuance | -$425M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$407M |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | -$844M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $350M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $0 |
| Net Receivables | $3.8B |
| Inventory | $4.9B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $13.2B |
| PP&E (Net) | $16.7B |
| Goodwill | $1.6B |
| Intangible Assets | $642M |
| Long-Term Investments | $4.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $642M |
| TOTAL NON-CURRENT ASSETS | $23.6B |
| TOTAL ASSETS | $36.9B |
| Account Payables | $3.1B |
| Short-Term Debt | $893M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.0B |
| Long-Term Debt | $10.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.9B |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $16.5B |
| TOTAL LIABILITIES | $23.5B |
| Common Stock | $19M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $9.9B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.2B |
| Minority Interest | $128M |
| TOTAL EQUITY | $13.3B |
| TOTAL LIABILITIES & EQUITY | $36.9B |
| Total Debt | $12.5B |
| Net Debt | $9.7B |
