| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.3B | $1.1B | -11.3% | 1.7% |
| Op. Income | $296M | $362M | $299M | -18.3% | -1.1% |
| Gross Margin | 49.2% | 49.5% | 49.1% | -0.3pp | 0.1pp |
| Net Margin | 19.4% | 25.4% | 18.4% | -6.0pp | 1.1pp |
| EPS (Diluted) | $1.95 | $2.84 | $1.74 | -31.3% | 12.1% |
| Free Cash Flow | $67M | $198M | $368M | -66.3% | -81.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $566M |
| GROSS PROFIT | $548M |
| R&D Expenses | $154M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $16M |
| Operating Expenses | $252M |
| Cost & Expenses | $818M |
| OPERATING INCOME | $296M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $283M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $92M |
| EBIT | $299M |
| EBITDA | $391M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $566M |
| GROSS PROFIT | $548M |
| R&D Expenses | $154M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $16M |
| Operating Expenses | $252M |
| Cost & Expenses | $818M |
| OPERATING INCOME | $296M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $283M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $92M |
| EBIT | $299M |
| EBITDA | $391M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $216M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $40M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$264M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$222M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$285M |
| Net Debt Issuance | $304M |
| Common Stock Repurchased | -$302M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $67M |
| Net Change in Cash | -$164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $989M |
| Short-Term Investments | $0 |
| Net Receivables | $644M |
| Inventory | $710M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.8B |
| Intangible Assets | $718M |
| Long-Term Investments | $38M |
| Tax Assets | $0 |
| Other Non-Current Assets | $333M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $358M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $88M |
| TOTAL CURRENT LIABILITIES | $673M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $239M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $533M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $2.0B |
| Net Debt | $1.1B |
