| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.4B | $24.8B | $26.5B | 2.5% | -4.2% |
| Op. Income | $1.3B | $1.2B | $1.0B | 10.0% | 28.9% |
| Gross Margin | 28.5% | 28.2% | 25.8% | 0.4pp | 2.8pp |
| Net Margin | 3.8% | 3.4% | 2.7% | 0.5pp | 1.1pp |
| EPS (Diluted) | $2.10 | $1.80 | $1.54 | 16.7% | 36.4% |
| Free Cash Flow | $807M | $913M | -$1.2B | -11.6% | 167.2% |
| Item | Amount |
|---|---|
| REVENUE | $25.4B |
| Cost of Revenue | $18.1B |
| GROSS PROFIT | $7.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.3B |
| Other Expenses | $616M |
| Operating Expenses | $5.9B |
| Cost & Expenses | $24.1B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $107M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $264M |
| Net Income from Continuing Ops | $971M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $971M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $971M |
| D&A | $722M |
| EBIT | $1.3B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $25.4B |
| Cost of Revenue | $18.1B |
| GROSS PROFIT | $7.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.3B |
| Other Expenses | $616M |
| Operating Expenses | $5.9B |
| Cost & Expenses | $24.1B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $107M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $264M |
| Net Income from Continuing Ops | $971M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $971M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $971M |
| D&A | $722M |
| EBIT | $1.3B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $971M |
| Depreciation & Amortization | $722M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | $111M |
| Other Non-Cash Items | $90M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $38M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$39M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$507M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$552M |
| FREE CASH FLOW | $807M |
| Net Change in Cash | $293M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $14.7B |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $18.6B |
| PP&E (Net) | $36.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $37.6B |
| TOTAL ASSETS | $56.2B |
| Account Payables | $14.3B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21.5B |
| Long-Term Debt | $14.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $22.2B |
| TOTAL LIABILITIES | $43.7B |
| Common Stock | $38M |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | $6.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$430M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.5B |
| TOTAL LIABILITIES & EQUITY | $56.2B |
| Total Debt | $19.0B |
| Net Debt | $17.1B |
