| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $885M | $941M | $901M | -6.0% | -1.8% |
| Op. Income | $122M | $135M | $148M | -9.3% | -17.0% |
| Gross Margin | 58.2% | 57.1% | 56.0% | 1.1pp | 2.3pp |
| Net Margin | 9.7% | 17.8% | 13.8% | -8.2pp | -4.1pp |
| EPS (Diluted) | $0.34 | $0.67 | $0.49 | -49.3% | -30.6% |
| Free Cash Flow | $75M | $35M | $156M | 116.1% | -51.9% |
| Item | Amount |
|---|---|
| REVENUE | $885M |
| Cost of Revenue | $370M |
| GROSS PROFIT | $515M |
| R&D Expenses | $127M |
| Selling & Marketing | $137M |
| General & Administrative | $110M |
| SG&A Expenses | $247M |
| Other Expenses | $19M |
| Operating Expenses | $393M |
| Cost & Expenses | $763M |
| OPERATING INCOME | $122M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $41M |
| EBIT | $134M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $885M |
| Cost of Revenue | $370M |
| GROSS PROFIT | $515M |
| R&D Expenses | $127M |
| Selling & Marketing | $137M |
| General & Administrative | $110M |
| SG&A Expenses | $247M |
| Other Expenses | $19M |
| Operating Expenses | $393M |
| Cost & Expenses | $763M |
| OPERATING INCOME | $122M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $41M |
| EBIT | $134M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$314M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$325M |
| Net Debt Issuance | $293M |
| Common Stock Repurchased | -$73M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $220M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309M |
| Short-Term Investments | $0 |
| Net Receivables | $566M |
| Inventory | $391M |
| Other Current Assets | $169M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $343M |
| Goodwill | $4.0B |
| Intangible Assets | $512M |
| Long-Term Investments | $0 |
| Tax Assets | $449M |
| Other Non-Current Assets | $302M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $195M |
| Short-Term Debt | $344M |
| Deferred Revenue | $545M |
| Other Current Liabilities | $362M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $92M |
| Deferred Tax Liabilities | $162M |
| Other Non-Current Liabilities | $185M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$335M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $1.7B |
| Net Debt | $1.4B |
