| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $788M | $776M | $769M | 1.5% | 2.5% |
| Op. Income | $150M | $137M | $167M | 10.0% | -10.3% |
| Gross Margin | 45.7% | 44.8% | 45.1% | 0.8pp | 0.6pp |
| Net Margin | 6.4% | 4.3% | 16.6% | 2.1pp | -10.2pp |
| EPS (Diluted) | $0.32 | $0.21 | $0.75 | 52.4% | -57.3% |
| Free Cash Flow | $75M | -$6M | $114M | 1268.8% | -34.5% |
| Item | Amount |
|---|---|
| REVENUE | $788M |
| Cost of Revenue | $428M |
| GROSS PROFIT | $360M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $638M |
| OPERATING INCOME | $150M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $29M |
| EBIT | $150M |
| EBITDA | $179M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $788M |
| Cost of Revenue | $428M |
| GROSS PROFIT | $360M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $638M |
| OPERATING INCOME | $150M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $29M |
| EBIT | $150M |
| EBITDA | $179M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $88M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $91M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$83M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $200.0K |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $67M |
| Net Receivables | $511M |
| Inventory | $378M |
| Other Current Assets | $139M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $135M |
| Goodwill | $1.7B |
| Intangible Assets | $671M |
| Long-Term Investments | $0 |
| Tax Assets | -$280M |
| Other Non-Current Assets | $685M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $414M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $875M |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $48M |
| Deferred Tax Liabilities | -$48M |
| Other Non-Current Liabilities | $220M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $707M |
| Treasury Stock | -$288M |
| Accum. Other Comp. Income | $59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $497M |
| Minority Interest | $3M |
| TOTAL EQUITY | $500M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.7B |
| Net Debt | $2.6B |
