| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $386M | $380M | $290M | 1.6% | 33.1% |
| Op. Income | $105M | $83M | $121M | 26.6% | -13.3% |
| Gross Margin | 61.8% | 58.4% | 86.6% | 3.4pp | -24.7pp |
| Net Margin | 20.8% | 16.5% | 31.9% | 4.3pp | -11.2pp |
| EPS (Diluted) | $1.16 | $0.91 | $1.34 | 27.5% | -13.4% |
| Free Cash Flow | $128M | $88M | $346M | 45.8% | -63.0% |
| Item | Amount |
|---|---|
| REVENUE | $386M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $82M |
| SG&A Expenses | $85M |
| Other Expenses | $49M |
| Operating Expenses | $134M |
| Cost & Expenses | $281M |
| OPERATING INCOME | $105M |
| Interest Income | $331M |
| Interest Expense | $123M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $12M |
| EBIT | $105M |
| EBITDA | $117M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $386M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $82M |
| SG&A Expenses | $85M |
| Other Expenses | $49M |
| Operating Expenses | $134M |
| Cost & Expenses | $281M |
| OPERATING INCOME | $105M |
| Interest Income | $331M |
| Interest Expense | $123M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $12M |
| EBIT | $105M |
| EBITDA | $117M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $28M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $260M |
| NET CASH FROM INVESTING | $285M |
| Net Debt Issuance | -$327M |
| Common Stock Repurchased | -$29.0K |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $147M |
| NET CASH FROM FINANCING | -$191M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | $227M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $241M |
| Short-Term Investments | $1.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $218M |
| Goodwill | $1.0B |
| Intangible Assets | $92M |
| Long-Term Investments | $20.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $24.0B |
| TOTAL ASSETS | $25.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.6B |
| TOTAL CURRENT LIABILITIES | $20.6B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $421M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $22.4B |
| Common Stock | $73M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$92M |
| Accum. Other Comp. Income | -$61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $25.7B |
| Total Debt | $1.3B |
| Net Debt | $1.1B |
