| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $495M | $504M | $473M | -1.9% | 4.5% |
| Op. Income | $64M | $62M | $61M | 3.3% | 4.6% |
| Gross Margin | 41.8% | 40.6% | 40.1% | 1.2pp | 1.7pp |
| Net Margin | 9.5% | 9.7% | 11.2% | -0.2pp | -1.7pp |
| EPS (Diluted) | $1.10 | $1.15 | $1.26 | -4.3% | -12.7% |
| Free Cash Flow | $163M | -$33M | $116M | 589.8% | 40.7% |
| Item | Amount |
|---|---|
| REVENUE | $495M |
| Cost of Revenue | $288M |
| GROSS PROFIT | $207M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $114M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $431M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $44M |
| EBIT | $65M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $495M |
| Cost of Revenue | $288M |
| GROSS PROFIT | $207M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $114M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $431M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $44M |
| EBIT | $65M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$48.0K |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $177M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$34M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$135M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$125M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $12M |
| Net Receivables | $631M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $842M |
| PP&E (Net) | $208M |
| Goodwill | $2.5B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $133M |
| Short-Term Debt | $30M |
| Deferred Revenue | $600M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $909M |
| Long-Term Debt | $705M |
| Deferred Revenue NC | $727.0K |
| Deferred Tax Liabilities | $105M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $876M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $481.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | -$522.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $789M |
| Net Debt | $657M |
