| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.0B | $15.0B | $15.0B | 6.2% | 6.7% |
| Op. Income | $5.9B | -$5.0B | $4.1B | 217.2% | 43.0% |
| Gross Margin | 73.3% | 73.2% | 73.7% | 0.1pp | -0.4pp |
| Net Margin | 29.7% | -39.7% | 21.7% | 69.5pp | 8.0pp |
| EPS (Diluted) | $1.86 | $-2.35 | $1.28 | 179.1% | 45.3% |
| Free Cash Flow | $6.8B | $2.7B | $4.5B | 148.8% | 52.3% |
| Item | Amount |
|---|---|
| REVENUE | $16.0B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $11.7B |
| R&D Expenses | $3.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $5.8B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $5.9B |
| Interest Income | $73M |
| Interest Expense | $317M |
| Other Income/Expenses | -$252M |
| INCOME BEFORE TAX | $5.6B |
| Income Tax Expense | $870M |
| Net Income from Continuing Ops | $4.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.7B |
| D&A | $1.0B |
| EBIT | $5.9B |
| EBITDA | $7.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $16.0B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $11.7B |
| R&D Expenses | $3.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $5.8B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $5.9B |
| Interest Income | $73M |
| Interest Expense | $317M |
| Other Income/Expenses | -$252M |
| INCOME BEFORE TAX | $5.6B |
| Income Tax Expense | $870M |
| Net Income from Continuing Ops | $4.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.7B |
| D&A | $1.0B |
| EBIT | $5.9B |
| EBITDA | $7.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.7B |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $164M |
| Deferred Income Tax | -$336M |
| Other Non-Cash Items | -$47M |
| Change in Working Capital | $2.2B |
| OPERATING CASH FLOW | $7.7B |
| Capital Expenditure | -$902M |
| Acquisitions (Net) | $902M |
| Purchases of Investments | -$117M |
| Sales/Maturities of Investments | $704M |
| Other Investing Activities | -$921M |
| NET CASH FROM INVESTING | -$334M |
| Net Debt Issuance | -$1.9B |
| Common Stock Repurchased | -$466M |
| Common Dividends Paid | -$1.9B |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$4.3B |
| FREE CASH FLOW | $6.8B |
| Net Change in Cash | $3.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.6B |
| Short-Term Investments | $168M |
| Net Receivables | $10.4B |
| Inventory | $6.1B |
| Other Current Assets | $6.7B |
| TOTAL CURRENT ASSETS | $32.0B |
| PP&E (Net) | $22.5B |
| Goodwill | $21.2B |
| Intangible Assets | $19.2B |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.6B |
| TOTAL NON-CURRENT ASSETS | $74.8B |
| TOTAL ASSETS | $106.7B |
| Account Payables | $3.5B |
| Short-Term Debt | $887M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $23.1B |
| Long-Term Debt | $34.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $7.3B |
| TOTAL NON-CURRENT LIABILITIES | $42.3B |
| TOTAL LIABILITIES | $65.4B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $44.4B |
| Retained Earnings | $57.1B |
| Treasury Stock | -$57.1B |
| Accum. Other Comp. Income | -$4.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41.2B |
| Minority Interest | $54M |
| TOTAL EQUITY | $41.3B |
| TOTAL LIABILITIES & EQUITY | $106.7B |
| Total Debt | $34.9B |
| Net Debt | $26.3B |
