| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.4B | $7.3B | $6.8B | 1.8% | 8.4% |
| Op. Income | $1.2B | $1.1B | $1.1B | 3.1% | 4.5% |
| Gross Margin | 45.4% | 45.9% | 51.0% | -0.5pp | -5.6pp |
| Net Margin | 13.8% | 14.1% | 19.4% | -0.4pp | -5.7pp |
| EPS (Diluted) | $0.93 | $0.92 | $1.15 | 1.1% | -19.1% |
| Free Cash Flow | $1.1B | -$350M | $1.6B | 414.6% | -30.0% |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $739M |
| Selling & Marketing | $442M |
| General & Administrative | $507M |
| SG&A Expenses | $949M |
| Other Expenses | $513M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $1.2B |
| Interest Income | $124M |
| Interest Expense | $86M |
| Other Income/Expenses | $73M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $221M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $270M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $739M |
| Selling & Marketing | $442M |
| General & Administrative | $507M |
| SG&A Expenses | $949M |
| Other Expenses | $513M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $1.2B |
| Interest Income | $124M |
| Interest Expense | $86M |
| Other Income/Expenses | $73M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $221M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $270M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $270M |
| Stock-Based Compensation | $379M |
| Deferred Income Tax | -$293M |
| Other Non-Cash Items | -$364M |
| Change in Working Capital | $247M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$158M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.5B |
| Sales/Maturities of Investments | $5.4B |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$307M |
| Net Debt Issuance | $109M |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $61M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $968M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.8B |
| Short-Term Investments | $4.7B |
| Net Receivables | $40.7B |
| Inventory | $0 |
| Other Current Assets | $4.4B |
| TOTAL CURRENT ASSETS | $56.6B |
| PP&E (Net) | $1.5B |
| Goodwill | $10.9B |
| Intangible Assets | $564M |
| Long-Term Investments | $3.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $19.8B |
| TOTAL ASSETS | $76.4B |
| Account Payables | $38.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $43.4B |
| Long-Term Debt | $10.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13.3B |
| TOTAL LIABILITIES | $56.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $19.3B |
| Retained Earnings | $21.8B |
| Treasury Stock | -$20.5B |
| Accum. Other Comp. Income | -$852M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.7B |
| TOTAL LIABILITIES & EQUITY | $76.4B |
| Total Debt | $10.6B |
| Net Debt | $3.8B |
