| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.3B | $5.8B | 4.2% | 13.5% |
| Op. Income | $3.8B | $3.7B | $3.1B | 5.1% | 23.5% |
| Gross Margin | 75.9% | 76.2% | 76.0% | -0.2pp | -0.1pp |
| Net Margin | 49.0% | 45.4% | 43.4% | 3.6pp | 5.5pp |
| EPS (Diluted) | $3.39 | $3.00 | $2.58 | 13.0% | 31.4% |
| Free Cash Flow | $3.1B | $2.6B | $3.6B | 19.5% | -12.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $193M |
| General & Administrative | $687M |
| SG&A Expenses | $880M |
| Other Expenses | $236M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $3.8B |
| Interest Income | $0 |
| Interest Expense | $151M |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $563M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $211M |
| EBIT | $3.9B |
| EBITDA | $4.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $193M |
| General & Administrative | $687M |
| SG&A Expenses | $880M |
| Other Expenses | $236M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $3.8B |
| Interest Income | $0 |
| Interest Expense | $151M |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $563M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $211M |
| EBIT | $3.9B |
| EBITDA | $4.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $211M |
| Stock-Based Compensation | $131M |
| Deferred Income Tax | -$263M |
| Other Non-Cash Items | -$87M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $3.2B |
| Capital Expenditure | -$104M |
| Acquisitions (Net) | $286M |
| Purchases of Investments | -$391M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | -$418M |
| NET CASH FROM INVESTING | -$522M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | -$1.9B |
| Common Dividends Paid | -$538M |
| Other Financing Activities | $36M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $221M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $602M |
| Net Receivables | $3.9B |
| Inventory | $0 |
| Other Current Assets | $5.5B |
| TOTAL CURRENT ASSETS | $17.0B |
| PP&E (Net) | $2.0B |
| Goodwill | $7.5B |
| Intangible Assets | $4.0B |
| Long-Term Investments | $1.6B |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $22.7B |
| TOTAL ASSETS | $39.7B |
| Account Payables | $589M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.3B |
| TOTAL CURRENT LIABILITIES | $14.5B |
| Long-Term Debt | $14.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $385M |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $18.8B |
| TOTAL LIABILITIES | $33.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.8B |
| Retained Earnings | $60.4B |
| Treasury Stock | -$58.6B |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $70M |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $39.7B |
| Total Debt | $15.6B |
| Net Debt | $8.7B |
