The company said Net revenues for the period ended December 29, 2023 (in Q3 quarter) rose $15 million and Operating income fell $33 million.

1. 01

   The company said Net revenues for the period ended December 29, 2023 (in Q3 quarter) rose $15 million and Operating income fell $33 million.

2. 02

   The company said General and administrative expense increased $334 million over the first 9 months, and it attributed $289 million of the $392 million increase in legal accrual to the Columbia litigation and related legal fees. Operating income decreased $148 million over the same period.

3. 03

   The company said Net income increased $48 million and net income per share increased $0.05 in the first 9 months. It also said it recorded a net tax benefit of $285 million from the legal entity restructuring carried out as part of the Avast integration in Q2.

4. 04

   The company said that as of December 29, 2023, cash, cash equivalents and short-term investments totaled $490 million, and that its undrawn revolving credit facility was $1,500 million. In the first 9 months, it made voluntary prepayments and principal amortization payments on its Term Loans and mortgages totaling $525 million, and repurchased common stock for $141 million.

Key figures

Quarter ended December 29, 2023

Revenue

$951M

Operating income

$335M

Net income

$144M

EPS

$0.22

Gross profit

$769M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.