| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.3B | $2.3B | 0.9% | -0.4% |
| Op. Income | $528M | $479M | $467M | 10.2% | 13.1% |
| Gross Margin | 49.6% | 48.7% | 50.6% | 0.9pp | -0.9pp |
| Net Margin | 10.3% | 13.8% | 10.8% | -3.5pp | -0.5pp |
| EPS (Diluted) | $0.94 | $0.80 | $0.60 | 17.5% | 56.7% |
| Free Cash Flow | $312M | $323M | $329M | -3.4% | -5.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $72M |
| Selling & Marketing | $237M |
| General & Administrative | $139M |
| SG&A Expenses | $376M |
| Other Expenses | $151M |
| Operating Expenses | $599M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $528M |
| Interest Income | $0 |
| Interest Expense | $134M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $370M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $291M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $234M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $234M |
| D&A | $159M |
| EBIT | $504M |
| EBITDA | $663M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $72M |
| Selling & Marketing | $237M |
| General & Administrative | $139M |
| SG&A Expenses | $376M |
| Other Expenses | $151M |
| Operating Expenses | $599M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $528M |
| Interest Income | $0 |
| Interest Expense | $134M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $370M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $291M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $234M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $234M |
| D&A | $159M |
| EBIT | $504M |
| EBITDA | $663M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $234M |
| Depreciation & Amortization | $159M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | $94M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $500M |
| Capital Expenditure | -$188M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$200M |
| Net Debt Issuance | -$671M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | $140M |
| Other Financing Activities | $277M |
| NET CASH FROM FINANCING | -$329M |
| FREE CASH FLOW | $312M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $659M |
| Inventory | $0 |
| Other Current Assets | $329M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $2.0B |
| Goodwill | $3.2B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $0 |
| Tax Assets | $147M |
| Other Non-Current Assets | $753M |
| TOTAL NON-CURRENT ASSETS | $9.1B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $1.3B |
| Short-Term Debt | $525M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $8.8B |
| Deferred Revenue NC | $73M |
| Deferred Tax Liabilities | $479M |
| Other Non-Current Liabilities | $197M |
| TOTAL NON-CURRENT LIABILITIES | $9.9B |
| TOTAL LIABILITIES | $13.0B |
| Common Stock | $4M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.9B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $9.7B |
| Net Debt | $9.6B |
