| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $712M | $741M | $709M | -3.9% | 0.4% |
| Op. Income | $179M | $200M | $192M | -10.2% | -6.6% |
| Gross Margin | 59.1% | 59.3% | 56.7% | -0.3pp | 2.4pp |
| Net Margin | 18.9% | 20.3% | 22.0% | -1.4pp | -3.1pp |
| EPS (Diluted) | $2.27 | $2.55 | $2.60 | -11.0% | -12.7% |
| Free Cash Flow | $120M | -$28M | $116M | 520.4% | 2.8% |
| Item | Amount |
|---|---|
| REVENUE | $712M |
| Cost of Revenue | $291M |
| GROSS PROFIT | $420M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $12M |
| Operating Expenses | $241M |
| Cost & Expenses | $532M |
| OPERATING INCOME | $179M |
| Interest Income | $4M |
| Interest Expense | $30M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $48M |
| EBIT | $184M |
| EBITDA | $231M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $712M |
| Cost of Revenue | $291M |
| GROSS PROFIT | $420M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $12M |
| Operating Expenses | $241M |
| Cost & Expenses | $532M |
| OPERATING INCOME | $179M |
| Interest Income | $4M |
| Interest Expense | $30M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $48M |
| EBIT | $184M |
| EBITDA | $231M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $135M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$651.0K |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $158M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $651.0K |
| Purchases of Investments | -$898.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$651.0K |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$125M |
| Common Stock Repurchased | -$692.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | $120M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $336M |
| Short-Term Investments | $898.0K |
| Net Receivables | $631M |
| Inventory | $544M |
| Other Current Assets | $122M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $702M |
| Goodwill | $1.3B |
| Intangible Assets | $631M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $222M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $80M |
| Short-Term Debt | $50M |
| Deferred Revenue | $276M |
| Other Current Liabilities | $189M |
| TOTAL CURRENT LIABILITIES | $745M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $331M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $8.9B |
| Treasury Stock | -$10.1B |
| Accum. Other Comp. Income | -$146M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $906M |
| Minority Interest | $0 |
| TOTAL EQUITY | $906M |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $2.6B |
| Net Debt | $2.3B |
