| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.6B | -1.1% | -0.8% |
| Op. Income | $492M | $543M | $703M | -9.4% | -30.0% |
| Gross Margin | 61.9% | 64.0% | 66.8% | -2.0pp | -4.9pp |
| Net Margin | 20.2% | 26.4% | 33.9% | -6.2pp | -13.7pp |
| EPS (Diluted) | $1.27 | $1.68 | $2.16 | -24.4% | -41.2% |
| Free Cash Flow | $307M | $1.4B | $241M | -78.3% | 27.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $609M |
| GROSS PROFIT | $991M |
| R&D Expenses | $111M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $388M |
| Other Expenses | $0 |
| Operating Expenses | $499M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $492M |
| Interest Income | $0 |
| Interest Expense | $98M |
| Other Income/Expenses | -$103M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $323M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $323M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $323M |
| D&A | $52M |
| EBIT | $487M |
| EBITDA | $539M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $609M |
| GROSS PROFIT | $991M |
| R&D Expenses | $111M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $388M |
| Other Expenses | $0 |
| Operating Expenses | $499M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $492M |
| Interest Income | $0 |
| Interest Expense | $98M |
| Other Income/Expenses | -$103M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $323M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $323M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $323M |
| D&A | $52M |
| EBIT | $487M |
| EBITDA | $539M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $323M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$41M |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $368M |
| Capital Expenditure | -$61M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$74M |
| Other Financing Activities | $66M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $307M |
| Net Change in Cash | $278M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $918M |
| Other Current Assets | $893M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $1.3B |
| Goodwill | $4.6B |
| Intangible Assets | $683M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $465M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $11.3B |
| Account Payables | $1.7B |
| Short-Term Debt | $106M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $9.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $285M |
| TOTAL NON-CURRENT LIABILITIES | $9.8B |
| TOTAL LIABILITIES | $13.0B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$493M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.6B |
| TOTAL LIABILITIES & EQUITY | $11.3B |
| Total Debt | $9.6B |
| Net Debt | $8.6B |
