| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $748M | $754M | $686M | -0.9% | 8.9% |
| Op. Income | $191M | $187M | $188M | 2.0% | 1.9% |
| Gross Margin | 38.7% | 38.7% | 39.0% | -0.0pp | -0.2pp |
| Net Margin | 21.6% | 20.6% | 17.6% | 1.0pp | 4.0pp |
| EPS (Diluted) | $2.14 | $2.06 | $1.59 | 3.9% | 34.6% |
| Free Cash Flow | $134M | $94M | $111M | 43.2% | 20.9% |
| Item | Amount |
|---|---|
| REVENUE | $748M |
| Cost of Revenue | $458M |
| GROSS PROFIT | $290M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | -$7M |
| Operating Expenses | $98M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $191M |
| Interest Income | $9M |
| Interest Expense | $3M |
| Other Income/Expenses | -$400.0K |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $161M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $161M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $161M |
| D&A | $36M |
| EBIT | $190M |
| EBITDA | $226M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $748M |
| Cost of Revenue | $458M |
| GROSS PROFIT | $290M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | -$7M |
| Operating Expenses | $98M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $191M |
| Interest Income | $9M |
| Interest Expense | $3M |
| Other Income/Expenses | -$400.0K |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $161M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $161M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $161M |
| D&A | $36M |
| EBIT | $190M |
| EBITDA | $226M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $161M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$192M |
| Other Non-Cash Items | $194M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $230M |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | -$600.0K |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $899M |
| Short-Term Investments | $0 |
| Net Receivables | $519M |
| Inventory | $432M |
| Other Current Assets | $123M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.4B |
| Goodwill | $107M |
| Intangible Assets | $16M |
| Long-Term Investments | $195M |
| Tax Assets | $17M |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $220M |
| Short-Term Debt | $55M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $534M |
| Long-Term Debt | $152M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $353M |
| TOTAL LIABILITIES | $887M |
| Common Stock | $19M |
| Additional Paid-In Capital | $123M |
| Retained Earnings | $3.4B |
| Treasury Stock | -$466M |
| Accum. Other Comp. Income | -$223M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $307M |
| Net Debt | -$592M |
