| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $2.1B | 6.0% | -18.3% |
| Op. Income | $184M | -$196M | $281M | 193.9% | -34.5% |
| Gross Margin | 33.8% | 25.7% | 34.3% | 8.1pp | -0.5pp |
| Net Margin | 9.3% | -8.1% | 10.3% | 17.5pp | -1.0pp |
| EPS (Diluted) | $1.79 | $-1.57 | $2.50 | 214.0% | -28.4% |
| Free Cash Flow | $240M | $166M | $286M | 44.6% | -16.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $577M |
| R&D Expenses | $0 |
| Selling & Marketing | $217M |
| General & Administrative | $69M |
| SG&A Expenses | $286M |
| Other Expenses | $107M |
| Operating Expenses | $393M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $184M |
| Interest Income | $27M |
| Interest Expense | $6M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $7M |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $132M |
| EBIT | $221M |
| EBITDA | $353M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $577M |
| R&D Expenses | $0 |
| Selling & Marketing | $217M |
| General & Administrative | $69M |
| SG&A Expenses | $286M |
| Other Expenses | $107M |
| Operating Expenses | $393M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $184M |
| Interest Income | $27M |
| Interest Expense | $6M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $7M |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $132M |
| EBIT | $221M |
| EBITDA | $353M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $159M |
| Depreciation & Amortization | $132M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $72M |
| OPERATING CASH FLOW | $355M |
| Capital Expenditure | -$115M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | $240M |
| Net Change in Cash | $210M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $499M |
| Inventory | $818M |
| Other Current Assets | $165M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $3.8B |
| Goodwill | $2.3B |
| Intangible Assets | $337M |
| Long-Term Investments | $371M |
| Tax Assets | $4M |
| Other Non-Current Assets | $182M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $677M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $784M |
| Long-Term Debt | $499M |
| Deferred Revenue NC | $122M |
| Deferred Tax Liabilities | $767M |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$325M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.5B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $530M |
| Net Debt | -$674M |
