| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $960M | $1.1B | $1.1B | -9.8% | -10.8% |
| Op. Income | $208M | $225M | $184M | -7.4% | 13.0% |
| Gross Margin | 35.7% | 34.3% | 32.6% | 1.4pp | 3.0pp |
| Net Margin | 17.8% | 17.8% | 14.4% | -0.0pp | 3.4pp |
| EPS (Diluted) | $0.11 | $0.12 | $0.10 | -9.8% | 12.1% |
| Free Cash Flow | $211M | $302M | $183M | -30.3% | 15.1% |
| Item | Amount |
|---|---|
| REVENUE | $960M |
| Cost of Revenue | $618M |
| GROSS PROFIT | $342M |
| R&D Expenses | $0 |
| Selling & Marketing | $32M |
| General & Administrative | $153M |
| SG&A Expenses | $185M |
| Other Expenses | -$51M |
| Operating Expenses | $134M |
| Cost & Expenses | $752M |
| OPERATING INCOME | $208M |
| Interest Income | $40M |
| Interest Expense | $5M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $210M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $0 |
| EBIT | $215M |
| EBITDA | $215M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $960M |
| Cost of Revenue | $618M |
| GROSS PROFIT | $342M |
| R&D Expenses | $0 |
| Selling & Marketing | $32M |
| General & Administrative | $153M |
| SG&A Expenses | $185M |
| Other Expenses | -$51M |
| Operating Expenses | $134M |
| Cost & Expenses | $752M |
| OPERATING INCOME | $208M |
| Interest Income | $40M |
| Interest Expense | $5M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $210M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $0 |
| EBIT | $215M |
| EBITDA | $215M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $171M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $211M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$167M |
| NET CASH FROM INVESTING | -$167M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$124M |
| NET CASH FROM FINANCING | -$124M |
| FREE CASH FLOW | $211M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.4B |
| Net Receivables | $366M |
| Inventory | $730.6K |
| Other Current Assets | $489M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $121M |
| Goodwill | $2.9B |
| Intangible Assets | $671M |
| Long-Term Investments | $2.8B |
| Tax Assets | $55M |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $10.7B |
| Account Payables | $738M |
| Short-Term Debt | $0 |
| Deferred Revenue | $373M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $835M |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $931M |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $292.2K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$955M |
| Accum. Other Comp. Income | $1.2B |
| Other Equity | -$43M |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $180M |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $10.7B |
| Total Debt | $898M |
| Net Debt | -$911M |
