| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.0B | $14.1B | $15.4B | -0.7% | -9.1% |
| Op. Income | $330M | $297M | $251M | 11.1% | 31.6% |
| Gross Margin | 6.3% | 6.2% | 5.2% | 0.2pp | 1.1pp |
| Net Margin | 1.0% | 0.9% | 1.0% | 0.1pp | 0.0pp |
| EPS (Diluted) | $1.49 | $1.41 | $1.56 | 5.7% | -4.5% |
| Free Cash Flow | $552M | $677M | -$99M | -18.5% | 655.9% |
| Item | Amount |
|---|---|
| REVENUE | $14.0B |
| Cost of Revenue | $13.1B |
| GROSS PROFIT | $885M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $554M |
| Other Expenses | $0 |
| Operating Expenses | $554M |
| Cost & Expenses | $13.6B |
| OPERATING INCOME | $330M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$160M |
| INCOME BEFORE TAX | $170M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $105M |
| EBIT | $244M |
| EBITDA | $349M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $14.0B |
| Cost of Revenue | $13.1B |
| GROSS PROFIT | $885M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $554M |
| Other Expenses | $0 |
| Operating Expenses | $554M |
| Cost & Expenses | $13.6B |
| OPERATING INCOME | $330M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$160M |
| INCOME BEFORE TAX | $170M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $105M |
| EBIT | $244M |
| EBITDA | $349M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $323M |
| OPERATING CASH FLOW | $592M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$104M |
| Common Dividends Paid | -$33M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$159M |
| FREE CASH FLOW | $552M |
| Net Change in Cash | $399M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $9.7B |
| Inventory | $7.5B |
| Other Current Assets | $741M |
| TOTAL CURRENT ASSETS | $19.2B |
| PP&E (Net) | $437M |
| Goodwill | $3.9B |
| Intangible Assets | $4.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $702M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $28.5B |
| Account Payables | $12.5B |
| Short-Term Debt | $940M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15.5B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $960M |
| Other Non-Current Liabilities | $505M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $20.1B |
| Common Stock | $99.0K |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | $2.0B |
| Treasury Stock | -$622M |
| Accum. Other Comp. Income | -$501M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $28.5B |
| Total Debt | $4.1B |
| Net Debt | $2.8B |
