| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $1.6B | -8.2% | -5.5% |
| Op. Income | $172M | $282M | $321M | -39.0% | -46.4% |
| Gross Margin | 65.6% | 65.4% | 66.5% | 0.2pp | -0.9pp |
| Net Margin | 4.3% | 45.1% | 15.6% | -40.8pp | -11.4pp |
| EPS (Diluted) | $0.30 | $3.41 | $1.10 | -91.2% | -72.7% |
| Free Cash Flow | $319M | $137M | $199M | 132.8% | 60.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $525M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $230M |
| Selling & Marketing | $450M |
| General & Administrative | $59M |
| SG&A Expenses | $509M |
| Other Expenses | $90M |
| Operating Expenses | $829M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $172M |
| Interest Income | $21M |
| Interest Expense | $16M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $112M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $65M |
| EBIT | $193M |
| EBITDA | $258M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $525M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $230M |
| Selling & Marketing | $450M |
| General & Administrative | $59M |
| SG&A Expenses | $509M |
| Other Expenses | $90M |
| Operating Expenses | $829M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $172M |
| Interest Income | $21M |
| Interest Expense | $16M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $112M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $65M |
| EBIT | $193M |
| EBITDA | $258M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $71M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $377M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$342M |
| Sales/Maturities of Investments | $210M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$189M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$108M |
| Other Financing Activities | $43M |
| NET CASH FROM FINANCING | -$265M |
| FREE CASH FLOW | $319M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $501M |
| Net Receivables | $821M |
| Inventory | $175M |
| Other Current Assets | $403M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $956M |
| Goodwill | $2.8B |
| Intangible Assets | $198M |
| Long-Term Investments | $0 |
| Tax Assets | $938M |
| Other Non-Current Assets | $311M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $432M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $787M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $2.1B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $483M |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $889M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $268M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $2.7B |
| Net Debt | $50M |
