| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.1B | $20.8B | $19.4B | -3.4% | 3.5% |
| Op. Income | $4.2B | $4.8B | $4.0B | -11.2% | 5.6% |
| Gross Margin | 48.2% | 47.5% | 46.7% | 0.6pp | 1.4pp |
| Net Margin | 16.9% | 18.9% | 17.3% | -2.0pp | -0.4pp |
| EPS (Diluted) | $1.37 | $1.59 | $1.33 | -13.8% | 3.0% |
| Free Cash Flow | $3.1B | $2.9B | $2.5B | 9.3% | 25.4% |
| Item | Amount |
|---|---|
| REVENUE | $20.1B |
| Cost of Revenue | $10.4B |
| GROSS PROFIT | $9.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.4B |
| Other Expenses | $0 |
| Operating Expenses | $5.4B |
| Cost & Expenses | $15.8B |
| OPERATING INCOME | $4.2B |
| Interest Income | $83M |
| Interest Expense | $222M |
| Other Income/Expenses | $40M |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $864M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $692M |
| EBIT | $4.5B |
| EBITDA | $5.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $20.1B |
| Cost of Revenue | $10.4B |
| GROSS PROFIT | $9.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.4B |
| Other Expenses | $0 |
| Operating Expenses | $5.4B |
| Cost & Expenses | $15.8B |
| OPERATING INCOME | $4.2B |
| Interest Income | $83M |
| Interest Expense | $222M |
| Other Income/Expenses | $40M |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $864M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $692M |
| EBIT | $4.5B |
| EBITDA | $5.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.4B |
| Depreciation & Amortization | $692M |
| Stock-Based Compensation | $156M |
| Deferred Income Tax | $38M |
| Other Non-Cash Items | $165M |
| Change in Working Capital | -$585M |
| OPERATING CASH FLOW | $3.9B |
| Capital Expenditure | -$730M |
| Acquisitions (Net) | -$638M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$2.2B |
| Other Financing Activities | $424M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $742M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.6B |
| Short-Term Investments | $0 |
| Net Receivables | $5.5B |
| Inventory | $7.5B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $22.3B |
| PP&E (Net) | $21.6B |
| Goodwill | $40.7B |
| Intangible Assets | $23.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.4B |
| TOTAL NON-CURRENT ASSETS | $97.5B |
| TOTAL ASSETS | $119.9B |
| Account Payables | $13.8B |
| Short-Term Debt | $13.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $38.0B |
| Long-Term Debt | $22.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.4B |
| Other Non-Current Liabilities | $7.1B |
| TOTAL NON-CURRENT LIABILITIES | $36.4B |
| TOTAL LIABILITIES | $74.4B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $66.3B |
| Retained Earnings | $117.1B |
| Treasury Stock | -$130.0B |
| Accum. Other Comp. Income | -$12.3B |
| Other Equity | -$821M |
| TOTAL STOCKHOLDERS' EQUITY | $45.1B |
| Minority Interest | $281M |
| TOTAL EQUITY | $45.4B |
| TOTAL LIABILITIES & EQUITY | $119.9B |
| Total Debt | $36.6B |
| Net Debt | $29.0B |
