| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.8B | -4.6% | -14.7% |
| Op. Income | $144M | $118M | $239M | 21.9% | -39.7% |
| Gross Margin | 41.0% | 40.3% | 43.0% | 0.7pp | -2.0pp |
| Net Margin | 6.1% | 6.5% | 9.1% | -0.4pp | -3.0pp |
| EPS (Diluted) | $0.90 | $1.00 | $1.53 | -10.0% | -41.2% |
| Free Cash Flow | $161M | $271M | $166M | -40.8% | -3.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $923M |
| GROSS PROFIT | $641M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $497M |
| Other Expenses | $0 |
| Operating Expenses | $497M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $144M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $136M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $13M |
| EBIT | $143M |
| EBITDA | $157M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $923M |
| GROSS PROFIT | $641M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $497M |
| Other Expenses | $0 |
| Operating Expenses | $497M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $144M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $136M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $13M |
| EBIT | $143M |
| EBITDA | $157M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $176M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$94M |
| Common Dividends Paid | -$51M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$145M |
| FREE CASH FLOW | $161M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $729M |
| Short-Term Investments | $0 |
| Net Receivables | $941M |
| Inventory | $0 |
| Other Current Assets | $556M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $291M |
| Goodwill | $238M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $134M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $725M |
| TOTAL ASSETS | $3.0B |
| Account Payables | $129M |
| Short-Term Debt | $81M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $135M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$105M |
| TOTAL NON-CURRENT LIABILITIES | $165M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $290M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $350M |
| Net Debt | -$379M |
