| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.4B | $12.3B | $10.5B | 1.0% | 17.9% |
| Op. Income | $3.3B | $3.1B | $3.8B | 6.2% | -14.7% |
| Gross Margin | 72.3% | 72.6% | 78.9% | -0.4pp | -6.6pp |
| Net Margin | 15.3% | 14.2% | 22.1% | 1.1pp | -6.8pp |
| EPS (Diluted) | $0.68 | $0.63 | $0.84 | 7.9% | -19.0% |
| Free Cash Flow | $1.6B | -$1.6B | $2.7B | 203.8% | -40.0% |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $2.1B |
| Selling & Marketing | $2.1B |
| General & Administrative | $402M |
| SG&A Expenses | $2.6B |
| Other Expenses | $1.0B |
| Operating Expenses | $5.7B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $3.3B |
| Interest Income | $90M |
| Interest Expense | $907M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $322M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $1.6B |
| EBIT | $3.1B |
| EBITDA | $4.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $2.1B |
| Selling & Marketing | $2.1B |
| General & Administrative | $402M |
| SG&A Expenses | $2.6B |
| Other Expenses | $1.0B |
| Operating Expenses | $5.7B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $3.3B |
| Interest Income | $90M |
| Interest Expense | $907M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $322M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $1.6B |
| EBIT | $3.1B |
| EBITDA | $4.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $924M |
| Deferred Income Tax | -$401M |
| Other Non-Cash Items | $198M |
| Change in Working Capital | $101M |
| OPERATING CASH FLOW | $4.3B |
| Capital Expenditure | -$2.6B |
| Acquisitions (Net) | $78M |
| Purchases of Investments | -$318M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.8B |
| Net Debt Issuance | $850M |
| Common Stock Repurchased | -$295M |
| Common Dividends Paid | -$863M |
| Other Financing Activities | $105M |
| NET CASH FROM FINANCING | -$105M |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.2B |
| Short-Term Investments | $550M |
| Net Receivables | $6.2B |
| Inventory | $0 |
| Other Current Assets | $3.7B |
| TOTAL CURRENT ASSETS | $18.7B |
| PP&E (Net) | $16.3B |
| Goodwill | $61.5B |
| Intangible Assets | $10.7B |
| Long-Term Investments | $0 |
| Tax Assets | $12.2B |
| Other Non-Current Assets | $12.2B |
| TOTAL NON-CURRENT ASSETS | $112.9B |
| TOTAL ASSETS | $131.6B |
| Account Payables | $1.6B |
| Short-Term Debt | $5.4B |
| Deferred Revenue | $8.6B |
| Other Current Liabilities | $5.5B |
| TOTAL CURRENT LIABILITIES | $22.9B |
| Long-Term Debt | $86.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.8B |
| Other Non-Current Liabilities | $17.4B |
| TOTAL NON-CURRENT LIABILITIES | $110.7B |
| TOTAL LIABILITIES | $133.5B |
| Common Stock | $29.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$29.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.4B |
| Minority Interest | $509M |
| TOTAL EQUITY | -$1.9B |
| TOTAL LIABILITIES & EQUITY | $131.6B |
| Total Debt | $91.8B |
| Net Debt | $83.6B |
