| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $954M | $765M | $742M | 24.7% | 28.6% |
| Op. Income | $118M | $164M | $175M | -28.0% | -32.6% |
| Gross Margin | 40.9% | 44.2% | 46.9% | -3.3pp | -6.0pp |
| Net Margin | 0.6% | 17.0% | 17.8% | -16.4pp | -17.2pp |
| EPS (Diluted) | $0.09 | $2.32 | $2.38 | -96.1% | -96.2% |
| Free Cash Flow | $173M | $41M | $133M | 322.0% | 30.5% |
| Item | Amount |
|---|---|
| REVENUE | $954M |
| Cost of Revenue | $564M |
| GROSS PROFIT | $390M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $126M |
| Other Expenses | $83M |
| Operating Expenses | $272M |
| Cost & Expenses | $836M |
| OPERATING INCOME | $118M |
| Interest Income | $1M |
| Interest Expense | $80M |
| Other Income/Expenses | -$78M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $64M |
| EBIT | $120M |
| EBITDA | $184M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $954M |
| Cost of Revenue | $564M |
| GROSS PROFIT | $390M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $126M |
| Other Expenses | $83M |
| Operating Expenses | $272M |
| Cost & Expenses | $836M |
| OPERATING INCOME | $118M |
| Interest Income | $1M |
| Interest Expense | $80M |
| Other Income/Expenses | -$78M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $64M |
| EBIT | $120M |
| EBITDA | $184M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $88M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $199M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$4.5B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4.5B |
| Net Debt Issuance | $4.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4.1B |
| FREE CASH FLOW | $173M |
| Net Change in Cash | -$181M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $884M |
| Short-Term Investments | $1M |
| Net Receivables | $730M |
| Inventory | $961M |
| Other Current Assets | $215M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $890M |
| Goodwill | $3.9B |
| Intangible Assets | $3.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $187M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $11.4B |
| Account Payables | $410M |
| Short-Term Debt | $95M |
| Deferred Revenue | $103M |
| Other Current Liabilities | $284M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $893M |
| Other Non-Current Liabilities | $206M |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$208M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $11.4B |
| Total Debt | $5.2B |
| Net Debt | $4.4B |
