| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.0B | 1.8% | 18.6% |
| Op. Income | $323M | $322M | $267M | 0.1% | 20.8% |
| Gross Margin | 50.2% | 51.8% | 52.1% | -1.6pp | -1.8pp |
| Net Margin | 19.5% | 19.9% | 19.2% | -0.4pp | 0.3pp |
| EPS (Diluted) | $1.30 | $1.30 | $1.08 | 0.0% | 20.7% |
| Free Cash Flow | $356M | $217M | $185M | 63.8% | 91.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $613M |
| GROSS PROFIT | $619M |
| R&D Expenses | $200M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $0 |
| Operating Expenses | $296M |
| Cost & Expenses | $909M |
| OPERATING INCOME | $323M |
| Interest Income | $10M |
| Interest Expense | $23M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $304M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $241M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $241M |
| D&A | $118M |
| EBIT | $325M |
| EBITDA | $443M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $613M |
| GROSS PROFIT | $619M |
| R&D Expenses | $200M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $0 |
| Operating Expenses | $296M |
| Cost & Expenses | $909M |
| OPERATING INCOME | $323M |
| Interest Income | $10M |
| Interest Expense | $23M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $304M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $241M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $241M |
| D&A | $118M |
| EBIT | $325M |
| EBITDA | $443M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $241M |
| Depreciation & Amortization | $118M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $56M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $473M |
| Capital Expenditure | -$117M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$104M |
| NET CASH FROM INVESTING | -$221M |
| Net Debt Issuance | $234M |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $155M |
| FREE CASH FLOW | $356M |
| Net Change in Cash | $410M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $8M |
| Net Receivables | $1.8B |
| Inventory | $695M |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $1.8B |
| Goodwill | $1.1B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $66M |
| Tax Assets | $221M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $940M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $121M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $514M |
| Deferred Tax Liabilities | $130M |
| Other Non-Current Liabilities | $717M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $7M |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $3.5B |
| Net Debt | $1.8B |
