| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $957M | $994M | $885M | -3.7% | 8.2% |
| Op. Income | $121M | $94M | $122M | 29.6% | -0.9% |
| Gross Margin | 61.7% | 60.8% | 58.2% | 0.8pp | 3.4pp |
| Net Margin | 7.8% | 4.5% | 9.7% | 3.3pp | -1.9pp |
| EPS (Diluted) | $0.30 | $0.18 | $0.34 | 66.7% | -11.8% |
| Free Cash Flow | $134M | $130M | $75M | 3.2% | 78.1% |
| Item | Amount |
|---|---|
| REVENUE | $957M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $590M |
| R&D Expenses | $163M |
| Selling & Marketing | $146M |
| General & Administrative | $117M |
| SG&A Expenses | $263M |
| Other Expenses | $43M |
| Operating Expenses | $469M |
| Cost & Expenses | $836M |
| OPERATING INCOME | $121M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $69M |
| EBIT | $126M |
| EBITDA | $195M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $957M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $590M |
| R&D Expenses | $163M |
| Selling & Marketing | $146M |
| General & Administrative | $117M |
| SG&A Expenses | $263M |
| Other Expenses | $43M |
| Operating Expenses | $469M |
| Cost & Expenses | $836M |
| OPERATING INCOME | $121M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $69M |
| EBIT | $126M |
| EBITDA | $195M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $147M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$136M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$141M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $0 |
| Net Receivables | $641M |
| Inventory | $257M |
| Other Current Assets | $575M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $318M |
| Goodwill | $5.3B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $418M |
| Other Non-Current Assets | $365M |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $180M |
| Short-Term Debt | $58M |
| Deferred Revenue | $594M |
| Other Current Liabilities | $401M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $98M |
| Deferred Tax Liabilities | $284M |
| Other Non-Current Liabilities | $168M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$314M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $3.2B |
| Net Debt | $2.9B |
