| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.9B | $16.6B | $22.3B | -4.6% | -28.8% |
| Op. Income | $534M | $430M | $1.4B | 24.2% | -62.3% |
| Gross Margin | 16.8% | 15.2% | 15.3% | 1.6pp | 1.4pp |
| Net Margin | 3.1% | 2.4% | 5.2% | 0.7pp | -2.1pp |
| EPS (Diluted) | $0.56 | $0.48 | $1.37 | 16.7% | -59.1% |
| Free Cash Flow | $3.5B | $3.0B | $4.3B | 14.4% | -19.4% |
| Item | Amount |
|---|---|
| REVENUE | $15.9B |
| Cost of Revenue | $13.2B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $580M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $15.3B |
| OPERATING INCOME | $534M |
| Interest Income | $0 |
| Interest Expense | $265M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $534M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $495M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $489M |
| Net Income Deductions | -$1.3B |
| BOTTOM LINE NET INCOME | $422M |
| D&A | $0 |
| EBIT | $799M |
| EBITDA | $799M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $15.9B |
| Cost of Revenue | $13.2B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $580M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $15.3B |
| OPERATING INCOME | $534M |
| Interest Income | $0 |
| Interest Expense | $265M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $534M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $495M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $489M |
| Net Income Deductions | -$1.3B |
| BOTTOM LINE NET INCOME | $422M |
| D&A | $0 |
| EBIT | $799M |
| EBITDA | $799M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $489M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3.0B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21.3B |
| Sales/Maturities of Investments | $18.1B |
| Other Investing Activities | -$235M |
| NET CASH FROM INVESTING | -$3.0B |
| Net Debt Issuance | $972M |
| Common Stock Repurchased | -$792M |
| Common Dividends Paid | -$392M |
| Other Financing Activities | -$569M |
| NET CASH FROM FINANCING | -$848M |
| FREE CASH FLOW | $3.5B |
| Net Change in Cash | -$505M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.9B |
| Short-Term Investments | $277.5B |
| Net Receivables | $19.0B |
| Inventory | $0 |
| Other Current Assets | -$311.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $9.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $302.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$311.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $652.1B |
| Account Payables | $0 |
| Short-Term Debt | $161M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$601M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $18.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $128M |
| Other Non-Current Liabilities | -$18.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $626.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $33.7B |
| Retained Earnings | $40.0B |
| Treasury Stock | -$23.7B |
| Accum. Other Comp. Income | -$24.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.7B |
| Minority Interest | $237M |
| TOTAL EQUITY | $25.9B |
| TOTAL LIABILITIES & EQUITY | $652.1B |
| Total Debt | $18.8B |
| Net Debt | $3.9B |
