| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.3B | $2.2B | 1.2% | 3.7% |
| Op. Income | $467M | $496M | $628M | -5.8% | -25.6% |
| Gross Margin | 50.6% | 49.5% | 51.4% | 1.0pp | -0.8pp |
| Net Margin | 10.8% | 13.0% | 15.6% | -2.1pp | -4.8pp |
| EPS (Diluted) | $0.60 | $0.73 | $0.80 | -17.8% | -25.0% |
| Free Cash Flow | $329M | $434M | $363M | -24.2% | -9.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $70M |
| Selling & Marketing | $281M |
| General & Administrative | $132M |
| SG&A Expenses | $413M |
| Other Expenses | $203M |
| Operating Expenses | $686M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $467M |
| Interest Income | $0 |
| Interest Expense | $107M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | $357M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $248M |
| D&A | $150M |
| EBIT | $464M |
| EBITDA | $614M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $70M |
| Selling & Marketing | $281M |
| General & Administrative | $132M |
| SG&A Expenses | $413M |
| Other Expenses | $203M |
| Operating Expenses | $686M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $467M |
| Interest Income | $0 |
| Interest Expense | $107M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | $357M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $247M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $248M |
| D&A | $150M |
| EBIT | $464M |
| EBITDA | $614M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $247M |
| Depreciation & Amortization | $150M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | $72M |
| Other Non-Cash Items | $90M |
| Change in Working Capital | -$198M |
| OPERATING CASH FLOW | $412M |
| Capital Expenditure | -$83M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | -$90M |
| Common Stock Repurchased | -$184M |
| Common Dividends Paid | -$86M |
| Other Financing Activities | -$60M |
| NET CASH FROM FINANCING | -$416M |
| FREE CASH FLOW | $329M |
| Net Change in Cash | -$86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $658M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $1.8B |
| Goodwill | $3.2B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $0 |
| Tax Assets | $200M |
| Other Non-Current Assets | $734M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $1.2B |
| Short-Term Debt | $2M |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $9.8B |
| Deferred Revenue NC | $83M |
| Deferred Tax Liabilities | $604M |
| Other Non-Current Liabilities | $128M |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $13.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$3.6B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3.6B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $10.2B |
| Net Debt | $10.1B |
