| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.2B | $11.8B | $12.5B | 2.7% | -2.9% |
| Op. Income | $1.4B | $1.1B | $1.4B | 23.8% | -3.0% |
| Gross Margin | 29.1% | 27.6% | 29.5% | 1.5pp | -0.4pp |
| Net Margin | 8.7% | 6.8% | 8.2% | 1.9pp | 0.6pp |
| EPS (Diluted) | $0.91 | $0.69 | $0.84 | 31.9% | 8.3% |
| Free Cash Flow | $646M | $262M | $729M | 146.9% | -11.4% |
| Item | Amount |
|---|---|
| REVENUE | $12.2B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $10.8B |
| OPERATING INCOME | $1.4B |
| Interest Income | $21M |
| Interest Expense | $20M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $296M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $218M |
| EBIT | $1.4B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.2B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $10.8B |
| OPERATING INCOME | $1.4B |
| Interest Income | $21M |
| Interest Expense | $20M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $296M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $218M |
| EBIT | $1.4B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $218M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$281M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$407M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$407M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$493M |
| Common Dividends Paid | -$343M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$770M |
| FREE CASH FLOW | $646M |
| Net Change in Cash | -$166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $0 |
| Net Receivables | $713M |
| Inventory | $8.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.0B |
| PP&E (Net) | $14.6B |
| Goodwill | $95M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $174M |
| Other Non-Current Assets | $613M |
| TOTAL NON-CURRENT ASSETS | $15.4B |
| TOTAL ASSETS | $28.4B |
| Account Payables | $5.0B |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.2B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $74M |
| Other Non-Current Liabilities | $907M |
| TOTAL NON-CURRENT LIABILITIES | $11.5B |
| TOTAL LIABILITIES | $22.8B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$830M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $28.4B |
| Total Debt | $12.6B |
| Net Debt | $9.3B |
