| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.3B | -13.3% | -13.7% |
| Op. Income | $273M | $367M | $367M | -25.5% | -25.6% |
| Gross Margin | 45.7% | 48.0% | 47.7% | -2.2pp | -2.0pp |
| Net Margin | 20.2% | 23.3% | 22.9% | -3.1pp | -2.7pp |
| EPS (Diluted) | $1.46 | $1.93 | $1.86 | -24.4% | -21.5% |
| Free Cash Flow | $359M | $702M | $258M | -48.9% | 39.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $626M |
| GROSS PROFIT | $527M |
| R&D Expenses | $148M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $27M |
| Operating Expenses | $254M |
| Cost & Expenses | $880M |
| OPERATING INCOME | $273M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $233M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $233M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $233M |
| D&A | $150M |
| EBIT | $279M |
| EBITDA | $429M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $626M |
| GROSS PROFIT | $527M |
| R&D Expenses | $148M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $27M |
| Operating Expenses | $254M |
| Cost & Expenses | $880M |
| OPERATING INCOME | $273M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $233M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $233M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $233M |
| D&A | $150M |
| EBIT | $279M |
| EBITDA | $429M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $233M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $412M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $100.0K |
| Purchases of Investments | -$107M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | -$200M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$99M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$293M |
| FREE CASH FLOW | $359M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $833M |
| Short-Term Investments | $229M |
| Net Receivables | $685M |
| Inventory | $1.3B |
| Other Current Assets | $127M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $1.7B |
| Goodwill | $2.2B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $119M |
| Other Non-Current Assets | $118M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $166M |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $153M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $250M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $40M |
| Additional Paid-In Capital | $56M |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $2.2B |
| Net Debt | $1.4B |
