| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $765M | $764M | $788M | 0.1% | -2.9% |
| Op. Income | $143M | $121M | $150M | 18.2% | -5.1% |
| Gross Margin | 46.9% | 45.5% | 45.7% | 1.4pp | 1.2pp |
| Net Margin | 11.8% | 12.7% | 6.4% | -0.9pp | 5.5pp |
| EPS (Diluted) | $0.58 | $0.62 | $0.32 | -6.5% | 81.2% |
| Free Cash Flow | $114M | $65M | $75M | 75.4% | 52.7% |
| Item | Amount |
|---|---|
| REVENUE | $765M |
| Cost of Revenue | $406M |
| GROSS PROFIT | $359M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $177M |
| Other Expenses | -$200.0K |
| Operating Expenses | $216M |
| Cost & Expenses | $623M |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $31M |
| EBIT | $143M |
| EBITDA | $174M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $765M |
| Cost of Revenue | $406M |
| GROSS PROFIT | $359M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $177M |
| Other Expenses | -$200.0K |
| Operating Expenses | $216M |
| Cost & Expenses | $623M |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $31M |
| EBIT | $143M |
| EBITDA | $174M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$100.0K |
| Other Non-Cash Items | $900.0K |
| Change in Working Capital | $300.0K |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$800.0K |
| Sales/Maturities of Investments | $800.0K |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$77M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$91M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $264M |
| Short-Term Investments | $0 |
| Net Receivables | $524M |
| Inventory | $314M |
| Other Current Assets | $201M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $136M |
| Goodwill | $1.7B |
| Intangible Assets | $585M |
| Long-Term Investments | $319M |
| Tax Assets | -$319M |
| Other Non-Current Assets | $476M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $352M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $868M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $49M |
| Deferred Tax Liabilities | -$49M |
| Other Non-Current Liabilities | $213M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $48M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$390M |
| Accum. Other Comp. Income | $72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $760M |
| Minority Interest | $6M |
| TOTAL EQUITY | $765M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
