| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | $6.5B | $6.9B | 6.5% | 1.3% |
| Op. Income | $657M | -$309M | $921M | 312.6% | -28.6% |
| Gross Margin | 65.8% | 67.1% | 69.4% | -1.2pp | -3.5pp |
| Net Margin | 9.5% | -4.6% | 10.9% | 14.1pp | -1.3pp |
| EPS (Diluted) | $0.21 | $-0.10 | $0.24 | 317.4% | -12.1% |
| Free Cash Flow | $434M | $807M | $2.1B | -46.2% | -78.8% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $1.1B |
| Operating Expenses | $3.9B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $657M |
| Interest Income | $137M |
| Interest Expense | $417M |
| Other Income/Expenses | -$273M |
| INCOME BEFORE TAX | $384M |
| Income Tax Expense | -$279M |
| Net Income from Continuing Ops | $663M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$6.3K |
| NET INCOME | $662M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $662M |
| D&A | $1.2B |
| EBIT | $438M |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $1.1B |
| Operating Expenses | $3.9B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $657M |
| Interest Income | $137M |
| Interest Expense | $417M |
| Other Income/Expenses | -$273M |
| INCOME BEFORE TAX | $384M |
| Income Tax Expense | -$279M |
| Net Income from Continuing Ops | $663M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$6.3K |
| NET INCOME | $662M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $662M |
| D&A | $1.2B |
| EBIT | $438M |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $663M |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $117M |
| Deferred Income Tax | -$279M |
| Other Non-Cash Items | $285M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | $918M |
| Capital Expenditure | -$483M |
| Acquisitions (Net) | -$164M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $189M |
| NET CASH FROM INVESTING | -$472M |
| Net Debt Issuance | -$605M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$866M |
| Other Financing Activities | $858M |
| NET CASH FROM FINANCING | -$612M |
| FREE CASH FLOW | $434M |
| Net Change in Cash | -$186M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $182M |
| Net Receivables | $4.7B |
| Inventory | $7.3B |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $15.2B |
| PP&E (Net) | $11.5B |
| Goodwill | $32.0B |
| Intangible Assets | $25.7B |
| Long-Term Investments | $2.3B |
| Tax Assets | $2.0B |
| Other Non-Current Assets | $343M |
| TOTAL NON-CURRENT ASSETS | $73.9B |
| TOTAL ASSETS | $89.1B |
| Account Payables | $3.0B |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.2B |
| TOTAL CURRENT LIABILITIES | $14.3B |
| Long-Term Debt | $26.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $833M |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $32.6B |
| TOTAL LIABILITIES | $46.9B |
| Common Stock | $10.5B |
| Additional Paid-In Capital | $10.8B |
| Retained Earnings | $8.8B |
| Treasury Stock | -$321M |
| Accum. Other Comp. Income | $12.5B |
| Other Equity | -$6.3K |
| TOTAL STOCKHOLDERS' EQUITY | $42.2B |
| Minority Interest | $4M |
| TOTAL EQUITY | $42.2B |
| TOTAL LIABILITIES & EQUITY | $89.1B |
| Total Debt | $29.2B |
| Net Debt | $27.4B |
