| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $6.4B | $7.3B | -13.4% | -24.5% |
| Op. Income | $277M | $548M | $606M | -49.5% | -54.2% |
| Gross Margin | 40.9% | 39.5% | 40.1% | 1.4pp | 0.8pp |
| Net Margin | 2.8% | 5.3% | 6.8% | -2.5pp | -4.0pp |
| EPS (Diluted) | $0.03 | $0.06 | $0.09 | -51.9% | -67.1% |
| Free Cash Flow | -$572M | -$538M | $334M | -6.3% | -271.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $815M |
| Other Expenses | -$95M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $277M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | -$7M |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $312M |
| EBIT | $277M |
| EBITDA | $589M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $815M |
| Other Expenses | -$95M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $277M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | -$7M |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $312M |
| EBIT | $277M |
| EBITDA | $589M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $173M |
| Depreciation & Amortization | $340M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$922M |
| OPERATING CASH FLOW | -$387M |
| Capital Expenditure | -$185M |
| Acquisitions (Net) | $34M |
| Purchases of Investments | -$395M |
| Sales/Maturities of Investments | $700M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | $145M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$118M |
| Common Dividends Paid | -$219M |
| Other Financing Activities | -$71M |
| NET CASH FROM FINANCING | -$429M |
| FREE CASH FLOW | -$572M |
| Net Change in Cash | -$813M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.7B |
| Short-Term Investments | $2.1B |
| Net Receivables | $10.1B |
| Inventory | $4.1B |
| Other Current Assets | $644M |
| TOTAL CURRENT ASSETS | $22.7B |
| PP&E (Net) | $3.6B |
| Goodwill | $7.0B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $2.8B |
| Tax Assets | $4.8B |
| Other Non-Current Assets | $8.0B |
| TOTAL NON-CURRENT ASSETS | $27.5B |
| TOTAL ASSETS | $50.2B |
| Account Payables | $4.4B |
| Short-Term Debt | $952M |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $5.6B |
| TOTAL CURRENT LIABILITIES | $13.8B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $379M |
| Deferred Tax Liabilities | $439M |
| Other Non-Current Liabilities | $3.7B |
| TOTAL NON-CURRENT LIABILITIES | $10.0B |
| TOTAL LIABILITIES | $23.8B |
| Common Stock | $305M |
| Additional Paid-In Capital | $769M |
| Retained Earnings | $2.0B |
| Treasury Stock | -$750M |
| Accum. Other Comp. Income | $24.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.3B |
| Minority Interest | $106M |
| TOTAL EQUITY | $26.4B |
| TOTAL LIABILITIES & EQUITY | $50.2B |
| Total Debt | $6.4B |
| Net Debt | $702M |
