Reported September 29, 2023
| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.1B | 1.0% | 2.4% |
| Op. Income | $691M | $670M | $499M | 3.2% | 38.5% |
| Gross Margin | 70.5% | 69.2% | 71.4% | 1.3pp | -0.9pp |
| Net Margin | 17.9% | 16.9% | 8.9% | 0.9pp | 9.0pp |
| EPS (Diluted) | $0.39 | $0.37 | $0.31 | 6.5% | 28.2% |
| Free Cash Flow | $527M | $472M | $523M | 11.5% | 0.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $643M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $54M |
| General & Administrative | $300M |
| SG&A Expenses | $354M |
| Other Expenses | $494M |
| Operating Expenses | $848M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $691M |
| Interest Income | $13M |
| Interest Expense | $70M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $635M |
| Income Tax Expense | $139M |
| Net Income from Continuing Ops | $495M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $390M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $390M |
| D&A | $470M |
| EBIT | $705M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $643M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $54M |
| General & Administrative | $300M |
| SG&A Expenses | $354M |
| Other Expenses | $494M |
| Operating Expenses | $848M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $691M |
| Interest Income | $13M |
| Interest Expense | $70M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $635M |
| Income Tax Expense | $139M |
| Net Income from Continuing Ops | $495M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $390M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $390M |
| D&A | $470M |
| EBIT | $705M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $390M |
| Depreciation & Amortization | $470M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $132M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $992M |
| Capital Expenditure | -$465M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$497M |
| Net Debt Issuance | -$416M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$960M |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $527M |
| Net Change in Cash | -$845M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $89M |
| Net Receivables | $747M |
| Inventory | $85M |
| Other Current Assets | $368M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $11.1B |
| Goodwill | $63M |
| Intangible Assets | $890M |
| Long-Term Investments | $504M |
| Tax Assets | $254M |
| Other Non-Current Assets | $250M |
| TOTAL NON-CURRENT ASSETS | $13.0B |
| TOTAL ASSETS | $16.0B |
| Account Payables | $777M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $547M |
| Other Current Liabilities | $3.4B |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $146M |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $746M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $286M |
| Additional Paid-In Capital | $157M |
| Retained Earnings | $6.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $559M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $1.1B |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $16.0B |
| Total Debt | $4.0B |
| Net Debt | $2.5B |