| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.5B | -5.5% | -1.2% |
| Op. Income | $232M | $389M | $419M | -40.4% | -44.6% |
| Gross Margin | 59.7% | 60.2% | 64.2% | -0.5pp | -4.4pp |
| Net Margin | 3.8% | 15.0% | 14.8% | -11.2pp | -11.0pp |
| EPS (Diluted) | $0.23 | $0.95 | $0.89 | -75.8% | -74.2% |
| Free Cash Flow | $206M | -$44M | $102M | 568.2% | 102.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $612M |
| GROSS PROFIT | $907M |
| R&D Expenses | $137M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $538M |
| Other Expenses | $0 |
| Operating Expenses | $675M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $232M |
| Interest Income | $0 |
| Interest Expense | $134M |
| Other Income/Expenses | -$152M |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $61M |
| EBIT | $214M |
| EBITDA | $275M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $612M |
| GROSS PROFIT | $907M |
| R&D Expenses | $137M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $538M |
| Other Expenses | $0 |
| Operating Expenses | $675M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $232M |
| Interest Income | $0 |
| Interest Expense | $134M |
| Other Income/Expenses | -$152M |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $61M |
| EBIT | $214M |
| EBITDA | $275M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $261M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$74M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$78M |
| FREE CASH FLOW | $206M |
| Net Change in Cash | $88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $414M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $1.2B |
| Other Current Assets | $794M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $1.1B |
| Goodwill | $4.6B |
| Intangible Assets | $561M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $702M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $11.0B |
| Account Payables | $1.1B |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $43M |
| Other Non-Current Liabilities | $421M |
| TOTAL NON-CURRENT LIABILITIES | $9.1B |
| TOTAL LIABILITIES | $11.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$576M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$589M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$589M |
| TOTAL LIABILITIES & EQUITY | $11.0B |
| Total Debt | $8.7B |
| Net Debt | $8.2B |
