| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $932M | $1.0B | $954M | -7.1% | -2.3% |
| Op. Income | $118M | -$1.7B | $118M | 107.0% | 0.0% |
| Gross Margin | 45.7% | 46.9% | 40.9% | -1.2pp | 4.8pp |
| Net Margin | 4.2% | -176.4% | 0.6% | 180.6pp | 3.6pp |
| EPS (Diluted) | $0.58 | $-26.48 | $0.09 | 102.2% | 544.4% |
| Free Cash Flow | $142M | -$77M | $173M | 284.4% | -17.9% |
| Item | Amount |
|---|---|
| REVENUE | $932M |
| Cost of Revenue | $506M |
| GROSS PROFIT | $426M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $70M |
| Operating Expenses | $308M |
| Cost & Expenses | $814M |
| OPERATING INCOME | $118M |
| Interest Income | $4M |
| Interest Expense | $93M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $93M |
| EBIT | $120M |
| EBITDA | $213M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $932M |
| Cost of Revenue | $506M |
| GROSS PROFIT | $426M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $70M |
| Operating Expenses | $308M |
| Cost & Expenses | $814M |
| OPERATING INCOME | $118M |
| Interest Income | $4M |
| Interest Expense | $93M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $93M |
| EBIT | $120M |
| EBITDA | $213M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$53M |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | $142M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $859M |
| Short-Term Investments | $1M |
| Net Receivables | $618M |
| Inventory | $1.0B |
| Other Current Assets | $288M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $988M |
| Goodwill | $2.5B |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $223M |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $309M |
| Short-Term Debt | $87M |
| Deferred Revenue | $80M |
| Other Current Liabilities | $278M |
| TOTAL CURRENT LIABILITIES | $838M |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $595M |
| Other Non-Current Liabilities | $236M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $455M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$159M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $5.1B |
| Net Debt | $4.3B |
