| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $2.1B | 4.0% | 21.4% |
| Op. Income | $257M | $235M | $107M | 9.2% | 139.0% |
| Gross Margin | 18.7% | 17.6% | 13.5% | 1.1pp | 5.2pp |
| Net Margin | 7.3% | 7.3% | 2.9% | 0.1pp | 4.4pp |
| EPS (Diluted) | $2.79 | $2.67 | $0.90 | 4.5% | 210.0% |
| Free Cash Flow | $68M | -$145M | $110M | 147.3% | -38.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $468M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $202M |
| Other Expenses | $10M |
| Operating Expenses | $212M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $257M |
| Interest Income | $2M |
| Interest Expense | $20M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $239M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| NET INCOME | $184M |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $40M |
| EBIT | $261M |
| EBITDA | $301M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $468M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $202M |
| Other Expenses | $10M |
| Operating Expenses | $212M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $257M |
| Interest Income | $2M |
| Interest Expense | $20M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $239M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| NET INCOME | $184M |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $40M |
| EBIT | $261M |
| EBITDA | $301M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $184M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$98M |
| Acquisitions (Net) | -$798M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $300.0K |
| NET CASH FROM INVESTING | -$896M |
| Net Debt Issuance | $505M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $480M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | -$249M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $2.0B |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $955M |
| Goodwill | $1.5B |
| Intangible Assets | $762M |
| Long-Term Investments | $0 |
| Tax Assets | $195M |
| Other Non-Current Assets | $946M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $505M |
| Deferred Revenue | $664M |
| Other Current Liabilities | $437M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $598M |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $508M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $827M |
| Retained Earnings | $3.7B |
| Treasury Stock | -$856M |
| Accum. Other Comp. Income | -$110M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $1.1B |
| Net Debt | $996M |
